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Credit Suisse Still Sees Issues For Hibbett Sports In 2015

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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

DateFirmActionFromTo
Nov 2017BuckinghamDowngradesNeutralUnderperform
Nov 2017Bank of AmericaMaintainsUnderperform
Nov 2017BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for HIBB
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Posted-In: Credit Suisse Seth SigmanAnalyst Color Reiteration Analyst Ratings

 

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