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Fly News Breaks for March 14, 2019
HIBB
Mar 14, 2019 | 19:46 EDT
Baird analyst Peter Benedict kept his Neutral rating and $16 price target on Hibbett Sports ahead of its Q4 earnings, saying indications of improved sector demand and the company's emerging omni-channel capabilities suggest that the comps in the quarter could exceed expectations. The analyst raises his SSS forecast to up 2% from down 0.7%, but warns that material gross margin pressure is likely to constrain earnings. While the stock "looks inexpensive", Benedict believes that a "credible path to stabilize EBIT dollars remains a key hurdle."
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