As previously reported, Susquehanna upgraded Hibbett Sports to Positive from Neutral and increased its price target to $17 from $11. Analyst Sam Poser expects same-store-sales to come in ahead of expectations due to the positive impact from hurricane demand. The analyst is forecasting a less worse scenario of same-store-sales decreases of 6.5% for Q3 and 4.5% for Q4, versus consensus of down 8.4% and 5.8%, respectfully. Poser believes consumers to replace footwear due to flooding and damage, FEMA aid and insurance payments will drive same-store-sales, contractor demand increases as the recovery proceeds, and footwear demand will likely be fulfilled in stores and not via online delivery.

B. Riley analyst Anna Glaessgen raised the firm's price target on Hibbett to $87.50 from $70 and keeps a Neutral rating on the shares after JD Sports Fashion announced an agreement to acquire the company for $87.50 per share in cash.