JP Morgan Meets With Hibbertt Sports Management (HIBB)

JP Morgan analysts Christopher Horvers, Aaron Goldstein, and Jeffery Wimmers met with Hibbett Sports (NASDAQ: HIBB) management.

JP Morgan said, "the sporting goods category remains very strong, demonstrating that the consumer will show up when there is a compelling product or need."

The analysts remained Neutral on Hibbett Sports, with a price target of $27.

They said, "We believe the stock’s future performance is largely range bound as the market is generally anticipating upside to guidance. With difficult comparisons starting in 4Q, product cost inflation emerging, and limited opportunity to reaccelerate footage growth, the potential for further multiple expansion is limited, in our view."

HIBB is currently trading at $24.88.