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Buckingham Research downgraded Hibbett Sporting (NASDAQ:HIBB) from Neutral to Underperform in a report released today.

Yesterday Hibbett Sporting (NASDAQ:HIBB) traded 4.83% higher at $12.80. The company’s 50-day moving average is $13.53 and its 200-day moving average is $19.01. The last closing price is down -25.83% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 489,251 shares of the stock traded hands, down from an average trading volume of 1,008,180

Buckingham Research has downgraded Hibbett Sporting (NASDAQ:HIBB) from Neutral to Underperform in a report released on 11/21/2017.

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Hibbett Sporting (NASDAQ:HIBB)

Hibbett Sporting has a 52 week low of $9.40 and a 52 week high of $45.85 with a P/E ratio of 6.89 The company’s market cap is currently $0.

In addition to Buckingham Research reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $37.94 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 11 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Hibbett Sporting (NASDAQ:HIBB)

Hibbett Sports, Inc. 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. Its primary retail format is Hibbett Sports, which is an approximately 5,000 square foot store. Hibbett Sports stores offer a merchandising mix of localized apparel, footwear, equipment and accessories designed to appeal to a range of customers within each market. Its 19 Sports Additions stores are enclosed mall-based stores, averaging 2,500 square feet with approximately 90% of merchandise consisting of athletic footwear and the remainder consisting of caps and a limited assortment of apparel. Hibbett Team Sales, Inc., a subsidiary of the Company, is a supplier of customized athletic apparel, equipment and footwear.

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