Hibbett price target raised to $70 from $60 at B. Riley

B. Riley analyst Anna Glaessgen raised the firm’s price target on Hibbett to $70 from $60 and keeps a Neutral rating on the shares. Hibbett reported a soft Q4 vs. elevated market expectations, but results were essentially in line with guidance, the analyst tells investors in a research note. Hibbett’s FY25 guidance was soft vs. Street models, but could prove conservative if consumer responsiveness to new product improves, B. Riley says.