The Hibbett Sports, Inc. (HIBB) Given Neutral Rating at B. Riley

The Hibbett Sports, Inc. (HIBB) Given Neutral Rating at B. Riley

B. Riley reaffirmed their neutral rating on shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in a research note issued to investors on Tuesday morning. B. Riley currently has a $42.00 target price on the stock.

Several other brokerages have also recently weighed in on HIBB. Sidoti cut shares of Hibbett Sports from a buy rating to a neutral rating in a research report on Friday, November 18th. Canaccord Genuity set a $40.00 price target on shares of Hibbett Sports and gave the stock a hold rating in a research report on Saturday, November 12th. Zacks Investment Research cut shares of Hibbett Sports from a buy rating to a hold rating in a research report on Monday, November 21st. BMO Capital Markets restated a hold rating and issued a $40.00 price target on shares of Hibbett Sports in a research report on Monday, November 21st. Finally, Forward View cut shares of Hibbett Sports to a hold rating and set a $34.00 price target on the stock. in a research report on Sunday, January 15th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $36.24.

Hibbett Sports (NASDAQ:HIBB) traded down 2.16% during midday trading on Tuesday, hitting $29.50. 51,273 shares of the stock traded hands. The firm’s 50-day moving average is $31.90 and its 200-day moving average is $37.80. The company has a market cap of $647.88 million, a price-to-earnings ratio of 10.06 and a beta of 0.84. Hibbett Sports has a 52-week low of $28.55 and a 52-week high of $45.85.

In other Hibbett Sports news, Director Alton E. Yother sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $41.49, for a total transaction of $207,450.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $207,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Hibbett Sports by 1.4% in the fourth quarter. FMR LLC now owns 2,559,507 shares of the company’s stock worth $95,470,000 after buying an additional 34,400 shares during the last quarter. Arrowpoint Asset Management LLC boosted its position in Hibbett Sports by 14.3% in the fourth quarter. Arrowpoint Asset Management LLC now owns 2,533,410 shares of the company’s stock worth $94,496,000 after buying an additional 316,866 shares during the last quarter. BlackRock Fund Advisors boosted its position in Hibbett Sports by 7.6% in the third quarter. BlackRock Fund Advisors now owns 1,580,011 shares of the company’s stock worth $63,042,000 after buying an additional 111,772 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in Hibbett Sports by 51.2% in the second quarter. TimesSquare Capital Management LLC now owns 1,270,150 shares of the company’s stock worth $44,189,000 after buying an additional 429,850 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new position in Hibbett Sports during the third quarter worth approximately $39,643,000.

About Hibbett Sports

Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.

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