Susquehanna Reiterates a Buy Rating on Hibbett Sports

By Jason Carr

Susquehanna analyst Sam Poser reiterated a Buy rating on Hibbett Sports (NASDAQ: HIBB) yesterday and set a price target of $31. The company’s shares closed yesterday at $22.45.

According to, Poser is a 4-star analyst with an average return of 8.3% and a 58.5% 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 $26.71, representing a 19.0% upside.

In a report issued on February 26, Canaccord Genuity also maintained a Buy rating on the stock with a $31 price target.

The company has a one-year high of $30.15 and a one-year low of $9.40. Currently, Hibbett Sports has an average volume of 775K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HIBB in relation to earlier this year.

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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.