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.
Hibbett Sports downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded HIbbett Sports to Neutral from Buy. The firm downgraded shares based on a ramp-up in spending that puts 2016 estimates at risk and a more modest industry same-store-sales outlook. Price target cut to $47 from $55.