Hibbett Sporting Goods downgraded to "hold"

02/06/04 - A.G. Edwards & Sons

NEW YORK, February 6 (New Ratings) - Analysts at AG Edwards downgrade Hibbett Sporting Goods Inc (HIBB) from "buy" to "hold."

In a research note published yesterday, the analysts mention that Hibbett Sporting Goods' earnings are likely to decline in the near-term. The current valuation of the company's stock is unattractive warranting the downgrade in rating to “hold,” the analysts add.