Credit Suisse analyst Seth Sigman maintained a Sell rating on Hibbett Sports (NASDAQ: HIBB) today and set a price target of $20. The company’s shares closed yesterday at $23.55.
According to TipRanks.com, Sigman is a 1-star analyst with an average return of -0.9% and a 51.4% success rate. Sigman covers the Services sector, focusing on stocks such as Camping World Holdings, Dick’s Sporting Goods, and Wal-Mart Stores Inc.
Currently, the analyst consensus on Hibbett Sports is a Hold with an average price target of $28, which is a 18.9% upside from current levels. In a report issued on June 18, Merrill Lynch also downgraded the stock to Sell.
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Hibbett Sports’ market cap is currently $447.4M and has a P/E ratio of 12.73. The company has a Price to Book ratio of 1.31.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.
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Hibbett Sports, Inc. engages in the ownership and operation of sporting goods stores. Its products include footwear, apparel, accessories and sports and fitness products. The company was founded in 1945 and is headquartered in Birmingham, AL.
