B of A Securities Maintains Buy Rating for Hibbett: Here's What You Need To Know

B of A Securities has decided to maintain its Buy rating of Hibbett HIBB and raise its price target from $75.00 to $85.00.

Shares of Hibbett are trading up 3.69% over the last 24 hours, at $70.78 per share.

A move to $85.00 would account for a 20.09% increase from the current share price.

About Hibbett

Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.