Sterne Agee Raises Price Target on Hibbett Sports (HIBB)
Equities research analysts at Sterne Agee lifted their price target on shares of Hibbett Sports (NASDAQ: HIBB) to $65.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock.
HIBB has been the subject of a number of other recent research reports. Analysts at Needham & Company reiterated a “hold” rating on shares of Hibbett Sports in a research note to investors on Tuesday, May 15th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Hibbett Sports in a research note to investors on Thursday, April 26th. They now have a $64.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Hibbett Sports in a research note to investors on Friday, April 13rd. They set a “neutral” rating on the stock.
Hibbett Sports opened at 56.20 on Monday. Hibbett Sports has a 52-week low of $31.03 and a 52-week high of $59.99. The company has a market cap of $1.481 billion and a price-to-earnings ratio of 23.83.
Hibbett Sports last posted its quarterly earnings results on Friday, May 18th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.06. Hibbett Sports’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Hibbett Sports will post $0.67 EPS next quarter.
Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, in the Southeast, Southwest, Mid-Atlantic and lower Midwest regions of the United States.