Analysis: Competition increasing for Hibbett Sports

|About: Hibbett Sports, Inc. (HIBB)|By:, SA News Editor

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.