In a report issued on November 27, Peter Benedict from Robert W. Baird reiterated a Hold rating on Hibbett Sports (HIBB), with a price target of $20. The company’s shares closed yesterday at $15.51, close to its 52-week low of $15.27.
According to TipRanks.com, Benedict is a 5-star analyst with an average return of 10.7% and a 67.1% success rate. Benedict covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Sportsman’s Warehouse, and Bed Bath & Beyond.
Currently, the analyst consensus on Hibbett Sports is a Hold with an average price target of $19, representing a 22.5% upside. In a report issued on November 27, Susquehanna also reiterated a Hold rating on the stock with a $17 price target.
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Based on Hibbett Sports’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $1.5 million. In comparison, last year the company had a net profit of $7.56 million.
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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.
