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Fly News Breaks for March 15, 2016
HIBB
Mar 15, 2016 | 06:50 EDT
Goldman analyst Stephen Tanal downgraded Hibbett Sports to Sell and raised his price target to $35 from $33. The analyst believes Q1 same-store-sales will fall short of consensus and expects earnings shortfalls in each of Q2-Q4 2016. Tanai expects secular challenges of vendor disintermediation to accelerate, causing declines in traffic, said premium assortment is not well aligned with the ongoing shift towards casual/lifestyle products, and believes the lack of an online business will cause continued share losses.
News For HIBB From the Last 2 Days
HIBB
HIBB
Apr 18, 2024 | 14:03 EDT
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