Canaccord Genuity Maintains a 'Hold' on Hibbett Sports (HIBB); Decent Q4, but Risk/Reward Not Compelling
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Price: $87.49 --0%
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Hibbett Sports (NASDAQ: HIBB) price target raised from $45 to $49.
Analyst, Camilo Lyon, said, "HIBB reported Q4/11 EPS of $0.59 vs. our estimate of $0.55 and consensus of $0.56. The beat was driven by a 7.2% comp (+$0.01), SG&A leverage (+$0.05), and favorable tax and shares (+$0.01), offsetting gross margin expansion below our expectation (-$0.02). While HIBB is benefiting from the athletic cycle and continues to execute well, we believe the risk/reward at current levels is balanced and as such we maintain our rating...We view HIBB’s 2012 comp and EPS guidance (L-MSD and $2.35-2.55, respectively) as somewhat conservative based on the strength of the products coming from the footwear and apparel manufacturers."
For an analyst ratings summary and ratings history on Hibbett Sports click here. For more ratings news on Hibbett Sports click here.
Shares of Hibbett Sports closed at $51.49 yesterday.
Analyst, Camilo Lyon, said, "HIBB reported Q4/11 EPS of $0.59 vs. our estimate of $0.55 and consensus of $0.56. The beat was driven by a 7.2% comp (+$0.01), SG&A leverage (+$0.05), and favorable tax and shares (+$0.01), offsetting gross margin expansion below our expectation (-$0.02). While HIBB is benefiting from the athletic cycle and continues to execute well, we believe the risk/reward at current levels is balanced and as such we maintain our rating...We view HIBB’s 2012 comp and EPS guidance (L-MSD and $2.35-2.55, respectively) as somewhat conservative based on the strength of the products coming from the footwear and apparel manufacturers."
For an analyst ratings summary and ratings history on Hibbett Sports click here. For more ratings news on Hibbett Sports click here.
Shares of Hibbett Sports closed at $51.49 yesterday.
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