What’s Propelling Hibbett Sports, Inc. (HIBB) to Reach 52-Week High?

May 16, 2018 - By Marie Mckinney

Hibbett Sports, Inc. (NASDAQ:HIBB) Logo

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.23, from 1.2 in 2017Q3. It is negative, as 27 investors sold Hibbett Sports, Inc. shares while 52 reduced holdings. 38 funds opened positions while 39 raised stakes. 21.69 million shares or 2.10% more from 21.24 million shares in 2017Q3 were reported.
Clarivest Asset Mgmt Llc holds 11,801 shares. Legal & General Public Ltd Co has 37,854 shares. Moreover, Pacific Global Inv Mgmt has 0.13% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 29,312 shares. Systematic Mngmt L P holds 0.02% or 58,850 shares in its portfolio. Bokf Na holds 0.01% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB) for 9,863 shares. Cubist Systematic Strategies Ltd Liability holds 0.02% or 13,876 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 2,453 shares. Panagora Asset Inc reported 142,566 shares stake. Price T Rowe Assoc Md holds 0% or 13,608 shares. Parkside Bancorp Tru invested in 16 shares or 0% of the stock. Landscape Cap Limited Co owns 0.45% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 246,079 shares. Cornerstone Capital Management Holdings Ltd holds 12,600 shares or 0% of its portfolio. Morgan Stanley reported 173,553 shares. Arizona State Retirement System reported 0.01% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Voya Invest Mgmt Limited Liability Corporation invested in 0% or 10,494 shares.

Since March 22, 2018, it had 0 buys, and 2 sales for $435,775 activity. PRYOR CATHY E also sold $294,775 worth of Hibbett Sports, Inc. (NASDAQ:HIBB) shares.

The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) hit a new 52-week high and has $30.87 target or 7.00 % above today’s $28.85 share price. The 7 months bullish chart indicates low risk for the $547.87 million company. The 1-year high was reported on May, 16 by Barchart.com. If the $30.87 price target is reached, the company will be worth $38.35 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.30% or $0.65 during the last trading session, reaching $28.85. About 163,485 shares traded. Hibbett Sports, Inc. (NASDAQ:HIBB) has declined 19.03% since May 16, 2017 and is downtrending. It has underperformed by 30.58% the S&P500.

Analysts await Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings on May, 25 before the open. They expect $1.13 EPS, up 16.49 % or $0.16 from last year’s $0.97 per share. HIBB’s profit will be $21.46M for 6.38 P/E if the $1.13 EPS becomes a reality. After $0.44 actual EPS reported by Hibbett Sports, Inc. for the previous quarter, Wall Street now forecasts 156.82 % EPS growth.

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

Among 10 analysts covering Hibbett Sports (NASDAQ:HIBB), 3 have Buy rating, 2 Sell and 5 Hold. Therefore 30% are positive. Hibbett Sports has $3300 highest and $12 lowest target. $23.85’s average target is -17.33% below currents $28.85 stock price. Hibbett Sports had 24 analyst reports since November 17, 2017 according to SRatingsIntel. As per Tuesday, November 21, the company rating was downgraded by Buckingham Research. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. Forward View Consulting upgraded the stock to “Hold” rating in Saturday, November 18 report. On Monday, February 26 the stock rating was upgraded by Robert W. Baird to “Hold”. The rating was maintained by Credit Suisse with “Underperform” on Monday, March 19. Robert W. Baird maintained it with “Hold” rating and $20.0 target in Wednesday, December 13 report. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) has “Buy” rating given on Monday, March 19 by Bank of America. The firm has “Buy” rating by Susquehanna given on Tuesday, January 23. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) has “Hold” rating given on Monday, November 20 by Canaccord Genuity. The firm has “Underperform” rating given on Monday, November 20 by Bank of America.

More news for Hibbett Sports, Inc. (NASDAQ:HIBB) were recently published by: Globenewswire.com, which released: “Investor Expectations to Drive Momentum within Real Goods Solar, Graco, Hibbett Sports, NETGEAR, WD-40, and …” on April 30, 2018. Globenewswire.com‘s article titled: “Hibbett Sports Announces First Quarter 2019 Earnings and Conference Call Dates” and published on May 11, 2018 is yet another important article.

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 $547.87 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 16.87 P/E ratio. The firm also sells merchandise directly to educational institutions and youth associations.

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

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