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Hibbett Sports, Inc. (NASDAQ:HIBB) Updates Q2 Earnings Guidance

20 August, 2017, 02:31 | Author: Paula Vaughn
  • Why Hibbett Sports Inc. Stock Fell on Friday

Hibbett Sports, Inc. has a 52-week low of $11.80 and a 52-week high of $45.85. The average 1-year price target among brokers that have issued a report on the stock in the last year is $25.20. The stock showed weekly performance of -2.148%, which was maintained for the month at -0.12520%. The stock has "Hold" rating by Canaccord Genuity on Tuesday, August 11. Hibbett Sports Inc now has $241.93 million valuation. (NASDAQ:HIBB) to report earnings on August, 18. The firm earned "Neutral" rating on Monday, January 30 by Goldman Sachs. The firm earned "Hold" rating on Monday, March 14 by Deutsche Bank. About 572,494 shares traded. Moreover, Arrowpoint Asset Management Llc has 0.52% invested in the company for 1.99 million shares. About 1,498 shares traded. It has outperformed by 40.93% the S&P500. Hibbett Sports, Inc. (NASDAQ:HIBB) has declined 26.07% since August 15, 2016 and is downtrending. It has underperformed by 42.77% the S&P500.The move comes after 9 months negative chart setup for the $265.29M company.

Since March 22, 2017, it had 0 buys, and 1 sale for $86,549 activity. BRISKIN JARED S had sold 3,040 shares worth $86,549. The stock has a market cap of $261.65 million, a PE ratio of 5.16 and a beta of 0.71. The company had Year Ago Sales of 206.93 Million.

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. It has a 4.77 P/E ratio. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%.

Investors sentiment decreased to 0.93 in 2016 Q4. Its up 0.18, from 1.11 in 2016Q3.

Several institutional investors have recently bought and sold shares of HIBB.

Dollar on defensive after Fed minutes dampen rate hike prospects
The Fed has raised its benchmark overnight lending rate twice this year and forecasts one more rise before the end of 2017. For the 12 months ended June 30, the most recent data available, the Fed's preferred inflation measure was 1.4%.

These funds have also shifted positions in (HIBB). Aperio Grp Ltd Liability Corp stated it has 0% in Hibbett Sports, Inc. Dimensional Fund Advisors Limited Partnership holds 0.01% or 639,602 shares. Hibbett Sports had 38 analyst reports since July 29, 2015 according to SRatingsIntel. (NASDAQ:HIBB) or 10,391 shares. Hsbc Public Limited Company reported 0.51% of its portfolio in Home Depot Inc (NYSE:HD). (NASDAQ:HIBB) for 12,103 shares. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with "Hold". Old Mutual Glob Investors (Uk) reported 1,227 shares. Valley National Advisers Inc holds 597 shares or 0.03% of its portfolio. Envestnet Asset Mgmt Inc accumulated 3,088 shares. (NASDAQ:HIBB). Blackrock Group owns 52,077 shares or 0% of their U.S. portfolio. Henderson Grp Public Limited Co reported 0.08% stake. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Therefore 82% are positive. The firm has "Buy" rating by Roth Capital given on Monday, August 7. Citigroup has "Buy" rating and $103 target. As per Friday, August 21, the company rating was upgraded by Vetr.

On July 17, 2017 Buckingham started coverage with a rating of "Neutral". The Market Capitalization of the company stands at 236.21 Million. On Wednesday, November 18 the stock rating was initiated by RBC Capital Markets with "Sector Perform". Nordea Investment Management AB now owns 651,637 shares of the company's stock worth $13,521,000 after buying an additional 278,395 shares during the period.

Investors sentiment increased to 2.18 in Q4 2016. Its up 0.11, from 0.84 in 2016Q3. Sahejpal Neeraj sold $31,000 worth of stock or 2,000 shares. 121 funds opened positions while 478 raised stakes. Citigroup holds 67,240 shares. Maryland Cap Mngmt stated it has 404,277 shares or 3.88% of all its holdings. Contravisory Management reported 145,563 shares. Susquehanna Intll Grp Incorporated Limited Liability Partnership reported 118,175 shares.

Now insiders hold 370,257 shares in the business which makes up 1.78% of shares. Whittier Trust Co Of Nevada owns 340,482 shares for 2.25% of their portfolio. Profund Advsrs Ltd Liability holds 0.01% or 5,389 shares in its portfolio.

Support is likely to come between $11.28 a share to $11.07 a share level. Epoch Inv Prtnrs invested in 0.08% or 563,937 shares.

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