What’s Hibbett Sports, Inc. (HIBB) Upside After Today’s Big Increase?

September 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.17, from 1.1 in 2016Q3. It is negative, as 25 investors sold Hibbett Sports, Inc. shares while 60 reduced holdings. 23 funds opened positions while 56 raised stakes. 28.47 million shares or 1.39% less from 28.87 million shares in 2016Q3 were reported.
Ameriprise Fincl reported 0% in Hibbett Sports, Inc. (NASDAQ:HIBB). Ny State Common Retirement Fund reported 0.01% in Hibbett Sports, Inc. (NASDAQ:HIBB). Riverhead Capital Limited Liability Company stated it has 0% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Wellington Management Grp Llp reported 0% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Principal Group stated it has 0.01% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Wells Fargo & Co Mn has 0% invested in Hibbett Sports, Inc. (NASDAQ:HIBB). Timpani Cap Management Ltd owns 30,480 shares for 0.47% of their portfolio. Comml Bank Of America Corporation De holds 146,533 shares. State Board Of Administration Of Florida Retirement System holds 20,226 shares. Louisiana State Employees Retirement Systems accumulated 9,000 shares. Schwab Charles Inv Mngmt owns 157,678 shares or 0.01% of their US portfolio. Old Mutual Glob Investors (Uk) accumulated 1,227 shares. Moreover, Public Sector Pension Invest Board has 0.01% invested in Hibbett Sports, Inc. (NASDAQ:HIBB). Us Retail Bank De, a Minnesota-based fund reported 1,090 shares. Nuveen Asset Management Ltd Liability Company accumulated 37,895 shares.

Since March 22, 2017, it had 0 buys, and 1 insider sale for $86,549 activity. Shares for $86,549 were sold by BRISKIN JARED S.

The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) is a huge mover today! The stock increased 4.53% or $0.6 on September 15, reaching $13.85. About 1.81M shares traded or 61.61% up from the average. Hibbett Sports, Inc. (NASDAQ:HIBB) has declined 26.07% since September 17, 2016 and is downtrending. It has underperformed by 42.77% the S&P500.
The move comes after 5 months positive chart setup for the $284.48 million company. It was reported on Sep, 17 by Barchart.com. We have $15.10 PT which if reached, will make NASDAQ:HIBB worth $25.60M more.

Investors wait Hibbett Sports, Inc. (NASDAQ:HIBB) to report on November, 17. its quarterly earnings Wall Street analysts expect $0.21 EPS, down $0.45 or 68.18 % from last year’s $0.66 same quarter earnings. This translates into $4.31 million profit for HIBB giving the stock a 16.49 P/E. This is assuming the current $0.21 EPS is accurate. Hibbett Sports, Inc.’s Wall Street analysts see -240.00 % EPS growth, taking into account the $-0.15 EPS reproted in the previous quarter,

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

Among 20 analysts covering Hibbett Sports (NASDAQ:HIBB), 3 have Buy rating, 3 Sell and 14 Hold. Therefore 15% are positive. Hibbett Sports had 44 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Susquehanna on Tuesday, February 14. Bank of America downgraded the stock to “Underperform” rating in Wednesday, April 6 report. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The rating was initiated by M Partners on Friday, April 29 with “Neutral”. As per Friday, August 18, the company rating was maintained by Susquehanna. The rating was maintained by Credit Suisse on Tuesday, July 25 with “Sell”. On Monday, July 24 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was initiated by Barrington Research on Friday, October 2 with “Mkt Perform”. The rating was initiated by B. Riley & Co with “Neutral” on Friday, December 18. Canaccord Genuity maintained the shares of HIBB in report on Monday, November 23 with “Hold” rating.

More notable recent Hibbett Sports, Inc. (NASDAQ:HIBB) news were published by: Fool.com which released: “Why Hibbett Sports Stock Plunged 21% in August” on September 12, 2017, also Seekingalpha.com with their article: “Stick A Fork In Hibbett Sports” published on August 22, 2017, Realmoney.Thestreet.com published: “Hibbett Sports Is Worth a Shot After Sporting Goods Misses” on August 21, 2017. More interesting news about Hibbett Sports, Inc. (NASDAQ:HIBB) were released by: Fool.com and their article: “Why Hibbett Sports, Inc. Stock Fell on Friday” published on August 18, 2017 as well as Seekingalpha.com‘s news article titled: “Buy This Retailer Trading Below Book Value” with publication date: August 19, 2017.

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. The company has market cap of $284.48 million. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states. It has a 6.84 P/E ratio. The Company’s primary retail format is Hibbett Sports, which is an approximately 5,000 square foot store.

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