Needham & Company Maintains a 'Hold' on Hibbett Sports (HIBB); Raising Estimates, But Upside Looks Priced In
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Price: $87.49 --0%
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Hold' on Hibbett Sports (NASDAQ: HIBB).
Analyst, Sean McGowan, said, "HIBB reported 1Q results that were above our expectations and consensus. Sales increased 14.4% to $232.9mm versus our estimate of $227.8mm and consensus expectations of $225.9mm. Same store sales were up 11.1% for the quarter despite a 6.8% improvement during the same period one year ago...We raise our estimates for 2012, 2013 and 2014 as detailed herein. We maintain our Hold rating as we believe this earnings upside is largely reflected in the shares already, but we believe that the stock could be accumulated with little risk on pullbacks."
Raises FY13 EPS estimate from $2.60 to $2.70 and FY14 from $3.00 to $3.10.
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 $54.94 yesterday.
Analyst, Sean McGowan, said, "HIBB reported 1Q results that were above our expectations and consensus. Sales increased 14.4% to $232.9mm versus our estimate of $227.8mm and consensus expectations of $225.9mm. Same store sales were up 11.1% for the quarter despite a 6.8% improvement during the same period one year ago...We raise our estimates for 2012, 2013 and 2014 as detailed herein. We maintain our Hold rating as we believe this earnings upside is largely reflected in the shares already, but we believe that the stock could be accumulated with little risk on pullbacks."
Raises FY13 EPS estimate from $2.60 to $2.70 and FY14 from $3.00 to $3.10.
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 $54.94 yesterday.
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