Sterne Agee Reiterates Neutral On Hibbet Sports Shares
In a research report issued today, Sterne Agee analyst Sam Poser reiterated a Neutral rating on Hibbet Sports Inc. (NASDAQ:HIBB). No price target provided.
Poser wrote, “The lack of an e-commerce platform is proving more detrimental than we had anticipated, especially in an environment where store traffic is only good during events such as Easter, BTS, and holiday season. HIBB has underestimated how much its customer relies on the Internet to gain information as traffic is significantly hurting. This bad situation is being managed well. Adjusting FY15/FY16 EPS estimates from $2.67/$2.97 to $2.70/$2.93.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 21.5% and a 77.2% success rate. Poser is ranked #24 out of 3245 analysts.