Susquehanna Upgrades Rating On Hibbett Sports, Inc. (HIBB)


Hibbett Sports, Inc. (NASDAQ:HIBB).

August 21 investment analysts at Canaccord Genuity maintained a stock rating of “Hold” and lowered the price expectation to $11.00 from $36.00. Buckingham added the stock to its research portfolio with a rating of “Neutral”.

The company is so far trading up since yesterday’s close of 13.15. It is trading at $13.65 which is slightly above the 50 day moving average which is $12.94 and significantly lower than the 200 day moving average of $21.39. The 50 day moving average was up $0.71 whereas the 200 day average was down by -36.19%.

Hibbett Sports, Inc., launched on January 4, 2007, operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states. The Company offers convenient locations and an assortment of brand name footwear, apparel, accessories and athletic equipment. The Company operates under various brands, such as Nike, Under Armour, Reebok, adidas, Easton and The North Face..

The P/E ratio is 6.67 and the market value is 280.36M. As of the last earnings report the EPS was $2.05 and is expected to be $1.30 for the current year with 20,539,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.25 with next year’s EPS projected to be $1.26.

Short traders are feeling a little more bearish on the company if you put credence in the increase in short interest. The firm saw a rise in short interest between August 15, 2017 and August 31, 2017 of 5.26%. Short shares grew 207,763 over that period. With short interest at 4,160,958 and short average daily volume at 1,496,654, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.20% as of August 31.