Hibbett Sports falls after earnings, levels to watch Despite what appears to have been a decent earnings report, the shares are trading down over 5.4% at time of writing. The lows of the recent trading range have been broken and are now resistance at $52.17. Support is at $50.77.
News For HIBB From The Last 14 Days
Check below for free stories on HIBB the last two weeks.
Hibbett Sports assumed with a Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Hibbett Sports to Neutral after assuming coverage of the stock. Piper believes the company's focus on lower income consumers could be causing a lack of comp store sales growth. It lowered its price target for shares to $43 from $53.