B. Riley Research Analysts Decrease Earnings Estimates for Hibbett Sports, Inc. (HIBB)

Hibbett Sports, Inc. (NASDAQ:HIBB) – Stock analysts at B. Riley reduced their FY2017 earnings per share estimates for Hibbett Sports in a research report issued on Tuesday. B. Riley analyst M. Kummetz now anticipates that the brokerage will post earnings per share of $2.73 for the year, down from their previous estimate of $2.86. B. Riley has a “Neutral” rating and a $34.00 price target on the stock. B. Riley also issued estimates for Hibbett Sports’ Q4 2017 earnings at $0.55 EPS and FY2018 earnings at $2.80 EPS.

Several other equities research analysts also recently commented on the stock. Deutsche Bank AG restated a “hold” rating and issued a $36.00 target price on shares of Hibbett Sports in a research note on Thursday. Forward View downgraded shares of Hibbett Sports to a “sell” rating and set a $27.00 target price on the stock. in a research note on Wednesday. Canaccord Genuity set a $34.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Tuesday. Stephens downgraded shares of Hibbett Sports from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $32.00 target price (down previously from $45.00) on shares of Hibbett Sports in a research note on Tuesday. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.94.

Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

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Hibbett Sports (NASDAQ:HIBB) traded down 2.84% during trading on Wednesday, hitting $29.05. 289,315 shares of the stock traded hands. The firm’s 50-day moving average is $33.83 and its 200 day moving average is $38.28. The stock has a market cap of $638.00 million, a P/E ratio of 9.91 and a beta of 0.84. Hibbett Sports has a 52 week low of $28.55 and a 52 week high of $45.85.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 18th. The company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The business had revenue of $237 million for the quarter. During the same period last year, the business posted $0.79 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of HIBB. Aberdeen Asset Management PLC UK raised its position in Hibbett Sports by 60.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 543,067 shares of the company’s stock valued at $18,894,000 after buying an additional 204,526 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Hibbett Sports by 1.4% in the second quarter. Principal Financial Group Inc. now owns 164,062 shares of the company’s stock valued at $5,708,000 after buying an additional 2,283 shares in the last quarter. First Trust Advisors LP raised its position in shares of Hibbett Sports by 28.8% in the third quarter. First Trust Advisors LP now owns 48,493 shares of the company’s stock valued at $1,935,000 after buying an additional 10,831 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of Hibbett Sports by 9.3% in the third quarter. BlackRock Advisors LLC now owns 174,134 shares of the company’s stock valued at $6,948,000 after buying an additional 14,825 shares in the last quarter. Finally, Hancock Holding Co. acquired a new position in shares of Hibbett Sports during the third quarter valued at about $7,980,000.

“B. Riley Research Analysts Decrease Earnings Estimates for Hibbett Sports, Inc. (HIBB)” was first published by Zolmax and is owned by of Zolmax. If you are accessing this report on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this report can be viewed at https://zolmax.com/investing/b-riley-research-analysts-decrease-earnings-estimates-for-hibbett-sports-inc-hibb/1206597.html.

In other news, Director Alton E. Yother sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $41.49, for a total transaction of $207,450.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $207,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:HIBB

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