Sentiment Change Report: Hibbett Sports Inc (NASDAQ:HIBB)

June 7, 2018 - By Vivian Currie

Hibbett Sports, Inc. (NASDAQ:HIBB) Logo

Sentiment for Hibbett Sports Inc (NASDAQ:HIBB)

Hibbett Sports Inc (NASDAQ:HIBB) institutional sentiment increased to 1.31 in 2018 Q1. Its up 0.34, from 0.97 in 2017Q4. The ratio is more positive, as 89 institutional investors started new and increased stock positions, while 68 sold and decreased their stock positions in Hibbett Sports Inc. The institutional investors in our partner’s database reported: 24.12 million shares, up from 21.69 million shares in 2017Q4. Also, the number of institutional investors holding Hibbett Sports Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 13 Reduced: 55 Increased: 54 New Position: 35.

Hibbett Sports, Inc., together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. The company has market cap of $488.05 million. The Company’s stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories. It has a 15.03 P/E ratio. The firm also sells merchandise directly to educational institutions and youth associations.

The stock increased 1.78% or $0.45 during the last trading session, reaching $25.7. About 103,244 shares traded. Hibbett Sports, Inc. (NASDAQ:HIBB) has risen 3.28% since June 7, 2017 and is uptrending. It has underperformed by 9.29% the S&P500.

Analysts await Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings on August, 17. They expect $0.02 earnings per share, up 113.33 % or $0.17 from last year’s $-0.15 per share. HIBB’s profit will be $379,806 for 321.25 P/E if the $0.02 EPS becomes a reality. After $1.12 actual earnings per share reported by Hibbett Sports, Inc. for the previous quarter, Wall Street now forecasts -98.21 % negative EPS growth.

Copper Rock Capital Partners Llc holds 1.27% of its portfolio in Hibbett Sports, Inc. for 888,536 shares. Euclidean Technologies Management Llc owns 49,332 shares or 1.16% of their US portfolio. Moreover, Broadview Advisors Llc has 0.99% invested in the company for 251,976 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.55% in the stock. Lucus Advisors Llc, a New York-based fund reported 10,077 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $435,775 activity.

Hibbett Sports, Inc. (NASDAQ:HIBB) Ratings Coverage

Ratings analysis reveals 38% of Hibbett Sports’s analysts are positive. Out of 8 Wall Street analysts rating Hibbett Sports, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $16.5 while the high is $3300. The stock’s average target of $25.44 is -1.01% below today’s ($25.7) share price. HIBB was included in 19 notes of analysts from December 13, 2017. Canaccord Genuity maintained Hibbett Sports, Inc. (NASDAQ:HIBB) rating on Tuesday, May 22. Canaccord Genuity has “Buy” rating and $3100 target. As per Tuesday, February 27, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Monday, January 8 by Canaccord Genuity. Stephens maintained it with “Hold” rating and $22.0 target in Monday, February 26 report. The firm has “Buy” rating by Susquehanna given on Tuesday, January 23. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 2. The firm has “Hold” rating by Stifel Nicolaus given on Monday, February 26. On Friday, May 4 the stock rating was maintained by Susquehanna with “Buy”. The company was maintained on Monday, March 19 by Bank of America. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) earned “Buy” rating by Canaccord Genuity on Tuesday, April 3.

More notable recent Hibbett Sports, Inc. (NASDAQ:HIBB) news were published by: Seekingalpha.com which released: “Hibbett: The Wild Ride Is On Again” on May 29, 2018, also Seekingalpha.com with their article: “Hibbett Is Hanging On” published on June 04, 2018, Streetinsider.com published: “Pre-Open Movers 05/25: (VTGN) (FL) (NWY) Higher; (ZOES) (RMTI) (HIBB) Lower (more…)” on May 25, 2018. More interesting news about Hibbett Sports, Inc. (NASDAQ:HIBB) were released by: Seekingalpha.com and their article: “Hibbett – Was It So Bad?” published on May 29, 2018 as well as Seekingalpha.com‘s news article titled: “Sporting goods sector reacts to Dick’s stunner” with publication date: May 30, 2018.

Hibbett Sports, Inc. (NASDAQ:HIBB) Institutional Positions Chart

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