Hibbett (NASDAQ:HIBB) PT Raised to $87.50

Hibbett (NASDAQ:HIBB) had its price target upped by stock analysts at Telsey Advisory Group from $74.00 to $87.50 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 1.14% from the stock’s previous close.

A number of other brokerages have also recently commented on HIBB. Monness Crespi & Hardt raised their price objective on Hibbett from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 18th. B. Riley raised their target price on Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Finally, Williams Trading reiterated a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hibbett currently has an average rating of “Hold” and an average price target of $72.29.

Hibbett Price Performance

HIBB opened at $86.51 on Tuesday. The business has a fifty day simple moving average of $74.69 and a 200 day simple moving average of $65.78. The company has a market capitalization of $1.02 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.75. Hibbett has a 1 year low of $34.86 and a 1 year high of $86.70.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. During the same period in the previous year, the firm earned $2.91 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Hibbett will post 8.21 earnings per share for the current fiscal year.

Institutional Trading of Hibbett

A number of institutional investors have recently bought and sold shares of HIBB. SG Americas Securities LLC purchased a new stake in Hibbett in the 3rd quarter worth $286,000. Everence Capital Management Inc. acquired a new stake in shares of Hibbett in the third quarter valued at approximately $244,000. Maryland State Retirement & Pension System acquired a new stake in shares of Hibbett during the third quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after purchasing an additional 1,654 shares in the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Hibbett during the 3rd quarter worth $356,000. 94.08% of the stock is currently owned by institutional investors and hedge funds.

About Hibbett

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.