Hibbett price target raised to $80 from $75 at Baird

Baird raised the firm’s price target on Hibbett to $80 from $75 and keeps an Outperform rating on the shares following the Q4 report.. The results were "robust" but missed management’s "lofty plan" and the fiscal 2023 earnings guidance lagged consensus, the analyst tells investors in a research note. However, the firm believes Hibbett’s risk/reward remains favorable with improved in-stocks and strong demand for high-heat footwear.