Credit Suisse Still Sees Issues For Hibbett Sports In 2015
In a report published Wednesday, Credit Suisse analyst Seth Sigman reiterated an Underperform rating and $42.00 price target on Hibbett Sports, Inc. (NASDAQ: HIBB).
In the report, Credit Suisse noted, "HIBB seems well positioned to deliver upside to Q4 results, as other players in the space have recently done. Yet heading into FY15 we remain cautious on a number of aspects of the story, including increasing big box competition, continued traffic volatility, elevated investments, and premium product dependency. We still see modest risk to estimates for FY15, with potential EPS growth in the high single digit range trailing peers in the space. We revise our 2015 estimate from $3.04 to $3.00."
Hibbett Sports closed on Tuesday at $51.61.
Latest Ratings for HIBB
|Aug 2016||Susquehanna||Initiates Coverage on||Positive|
|Jun 2016||Stifel Nicolaus||Initiates Coverage on||Hold|
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