Hibbett Sports Inc. (NASDAQ:HIBB) shares traded down 3.7% during mid-day trading on Thursday . The company traded as low as $34.94 and last traded at $35.07, with a volume of 457,485 shares changing hands. The stock had previously closed at $36.41.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Hibbett Sports from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on Hibbett Sports in a report on Friday, June 24th. They issued a “hold” rating on the stock. Forward View reissued a “hold” rating on shares of Hibbett Sports in a report on Thursday, May 26th. B. Riley reissued a “neutral” rating and issued a $38.00 target price on shares of Hibbett Sports in a report on Friday, May 27th. Finally, Brean Capital reissued a “hold” rating and issued a $30.00 target price on shares of Hibbett Sports in a report on Thursday, May 19th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Hibbett Sports currently has an average rating of “Hold” and a consensus target price of $36.41.

The stock has a market capitalization of $784.80 million and a price-to-earnings ratio of 11.64. The firm’s 50-day moving average is $35.16 and its 200-day moving average is $34.40.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, May 20th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.02. During the same period in the prior year, the company posted $1.09 earnings per share. The firm had revenue of $282.10 million for the quarter. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Hibbett Sports Inc. will post $2.99 earnings per share for the current fiscal year.

In other news, VP Cathy E. Pryor sold 5,000 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $35.18, for a total value of $175,900.00. Following the completion of the transaction, the vice president now owns 19,608 shares of the company’s stock, valued at approximately $689,809.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alton E. Yother sold 1,331 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $35.62, for a total value of $47,410.22. Following the completion of the transaction, the director now directly owns 1,331 shares of the company’s stock, valued at approximately $47,410.22. The disclosure for this sale can be found here.

Several institutional investors recently modified their holdings of HIBB. Whitebox Advisors LLC bought a new position in shares of Hibbett Sports during the fourth quarter valued at about $1,920,000. Schroder Investment Management Group boosted its position in shares of Hibbett Sports by 218.1% in the fourth quarter. Schroder Investment Management Group now owns 575,841 shares of the company’s stock valued at $17,413,000 after buying an additional 394,800 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of Hibbett Sports by 13.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 283,645 shares of the company’s stock valued at $9,760,000 after buying an additional 33,327 shares during the period. Philadelphia Trust Co. bought a new position in shares of Hibbett Sports during the fourth quarter valued at about $1,373,000. Finally, Olstein Capital Management L.P. bought a new position in shares of Hibbett Sports during the fourth quarter valued at about $1,572,000.

Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets, predominantly in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores.

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