Seeking Alpha

Analysis: Competition increasing for Hibbett Sports

  • Hibbett Sports (HIBB -1.7%) is downgraded by Stifel Nicolaus to a Sell rating from Hold.
  • The investment firm's price target of $45 suggests the tough times could continue for the sporting goods retailer as more challengers (online and B&M) emerge.
  • Recently, Dick's Sporting Goods has carved up even more of the online market share in the sporting goods sector.
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