Susquehanna Downgrades Hibbett Sports (HIBB) to Neutral

Susquehanna analyst Sam Poser downgraded Hibbett Sports (NASDAQ: HIBB) from Positive to Neutral with a price target of $11.00 (from $24.00).

The analyst comments "Moving to the sidelines. The decision not to temporarily close stores during the coronavirus outbreak puts the health and well being of HIBB's customers and employees, as well as the health and wellbeing of Hibbett's historically very good reputation, at risk. HIBB is one of 2 companies in our coverage universe that has not temporarily shut down B&M retail operations. 4Q20 results beat on sales, but missed on EPS and SSS. The EPS miss was due to the increased variable costs needed to support the 37% increase in ecommerce sales."

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 $9.85 yesterday.

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