Stifel Nicolaus Initiates Coverage on Hibbett Sports to Hold

Stifel Nicolaus Initiates Coverage on Hibbett Sports(NASDAQ:HIBB). The shares have been rated Hold. The rating by Stifel Nicolaus was issued on Jun 24, 2016.

In a different note, On May 16, 2016, Susquehanna said it Maintains its rating on Hibbett Sports. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Neutral’ by the firm. MKM Partners said it Initiates Coverage on Hibbett Sports, according to a research note issued on Apr 29, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 6, 2016, Bank of America said it Downgrades its rating on Hibbett Sports. The shares have been rated ‘Underperform’ by the firm. On Apr 4, 2016, Sterne Agee CRT said it Upgrades its rating on Hibbett Sports. The shares have been rated ‘Buy’ by the firm.

Hibbett Sports (HIBB) made into the market gainers list on Wednesdays trading session with the shares advancing 3.52% or 1.18 points. Due to strong positive momentum, the stock ended at $34.7, which is also near the day’s high of $34.81. The stock began the session at $33.7 and the volume stood at 2,71,733 shares. The 52-week high of the shares is $48.2 and the 52 week low is $27.58. The company has a current market capitalization of $777 M and it has 2,23,78,506 shares in outstanding.

Hibbett Sports(HIBB) last announced its earnings results on May 20, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $282.09M. Analysts had an estimated revenue of $285.43M. Earnings per share were $1.22. Analysts had estimated an EPS of $1.21.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Cathy E Pryor (Senior VP of Operations) sold 5,000 shares at $35.18 per share price.Also, On Jun 8, 2016, Jared S Briskin (SVP – Chief Merchant) sold 2,000 shares at $34.36 per share price.On Dec 10, 2015, Alton E Yother (director) sold 5,000 shares at $31.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Hibbett Sports Inc. operates sporting goods stores in small to mid-sized markets predominantly in the South Southwest Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Company’s primary retail format is Hibbett Sports an approximately 5000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands such as Nike Under Armour Reebok adidas Easton and The North Face. The Company’s Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales Inc. a wholly owned subsidiary of the Company is a supplier of customized athletic apparel equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia Florida and Mississippi.

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