Hibbett Sports (HIBB) is Initiated by MKM Partners to Neutral, Price Target at $39

Hibbett Sports (HIBB) was Initiated by MKM Partners to “Neutral” and the brokerage firm has set the Price Target at $39. MKM Partners advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Hibbett Sports. Hibbett Sports was Downgraded by BofA/Merrill to ” Underperform” on Apr 6, 2016. Hibbett Sports was Upgraded by Sterne Agee CRT to ” Buy” on Apr 4, 2016. Hibbett Sports was Downgraded by Goldman to ” Sell” on Mar 15, 2016.

On the company’s financial health, Hibbett Sports reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 11, 2016. Analyst had a consensus of $0.74. The company had revenue of $245.72 million for the quarter, compared to analysts expectations of $246.54 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Hibbett Sports opened for trading at $36.58 and hit $37.44 on the upside on Wednesday, eventually ending the session at $37.42, with a gain of 1.99% or 0.73 points. The heightened volatility saw the trading volume jump to 1,90,280 shares. Company has a market cap of $854 M.

In a different news, on Dec 10, 2015, Alton E Yother (director) sold 5,000 shares at $31.97 per share price. According to the SEC, on Dec 2, 2015, Albert C Johnson (director) sold 1,388 shares at $32.20 per share price.

Hibbett Sports Inc. operates sporting goods stores in small to mid-sized markets predominantly in the South Southwest Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Company’s primary retail format is Hibbett Sports an approximately 5000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands such as Nike Under Armour Reebok adidas Easton and The North Face. The Company’s Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales Inc. a wholly owned subsidiary of the Company is a supplier of customized athletic apparel equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia Florida and Mississippi.

Hibbett Sports

Leave a Reply

Hibbett Sports - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hibbett Sports. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.