Hibbett (NASDAQ:HIBB) PT Raised to $87.50 at B. Riley

Hibbett (NASDAQ:HIBB) had its price objective boosted by equities researchers at B. Riley from $70.00 to $87.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s price objective indicates a potential upside of 1.63% from the stock’s current price.

Several other analysts have also commented on the company. Telsey Advisory Group boosted their price target on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Hibbett in a research note on Wednesday. Williams Trading reaffirmed a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.29.

Hibbett Trading Down 0.5 %

Shares of NASDAQ:HIBB opened at $86.10 on Wednesday. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.51, a PEG ratio of 1.40 and a beta of 1.75. The business’s 50 day moving average is $74.92 and its 200-day moving average is $65.92.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, topping 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 company had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. During the same quarter last year, the firm earned $2.91 EPS. Hibbett’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Hibbett will post 8.26 EPS for the current year.

Hedge Funds Weigh In On Hibbett

Several institutional investors have recently bought and sold shares of HIBB. GAMMA Investing LLC bought a new position in Hibbett in the 4th quarter valued at $28,000. AJOVista LLC bought a new position in Hibbett in the fourth quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hibbett by 80.9% in the third 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 during the period. Kendall Capital Management bought a new stake in Hibbett during the 3rd quarter worth about $200,000. Finally, Virtu Financial LLC acquired a new position in Hibbett during the 4th quarter valued at about $201,000. Institutional investors own 94.08% of the company’s stock.

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.