Form DEFA14A HIBBETT INC
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Telsey Reiterates Market Perform Rating on Hibbett Sports (HIBB)
June 5, 2024 1:14 PM EDTTelsey analyst Cristina Fernandez reiterated a Market Perform rating and $87.50 price target on Hibbett Sports (NASDAQ: HIBB).
The analyst comments "Hibbett's 1Q24 result paints a mixed picture of the athletic apparel and footwear sector, with sales of $447MM and the comp of (5.8%) coming in below our inline projection of $453MM and (4.0%) (FactSet [FS] consensus -4.3%), respectively. We attribute the softness to a... More
