Susquehanna analyst Sam Poser assigned a Buy rating to Hibbett Sports (NASDAQ: HIBB) today and set a price target of $33. The company’s shares closed on Friday at $24.43.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.6% and a 57.7% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
Currently, the analyst consensus on Hibbett Sports is Moderate Buy and the average price target is $29.50, representing a 20.8% upside.
In a report issued on May 22, Canaccord Genuity also reiterated a Buy rating on the stock with a $31 price target.
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Based on Hibbett Sports’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $21.51 million. In comparison, last year the company had a net profit of $20.91 million.
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.
