Hibbett Sports Inc. (HIBB) Trading 4% Higher
Hibbett Sports Inc. (NASDAQ:HIBB) shares traded up 4% during mid-day trading on Friday . The stock traded as high as $38.41 and last traded at $38.09, with a volume of 340,351 shares traded. The stock had previously closed at $36.61.
Several research analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $42.00 target price on shares of Hibbett Sports in a research report on Friday. Susquehanna cut their target price on shares of Hibbett Sports from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, May 16th. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, July 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $34.00 target price on shares of Hibbett Sports in a research report on Thursday, April 14th. Finally, Robert W. Baird restated a “hold” rating on shares of Hibbett Sports in a research report on Monday, May 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.19.
The stock has a 50-day moving average price of $35.37 and a 200-day moving average price of $34.76. The company has a market capitalization of $860.43 million and a P/E ratio of 12.76.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, May 20th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The company earned $282.10 million during the quarter. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Hibbett Sports Inc. will post $2.98 EPS for the current 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 shares were sold at an average price of $35.18, for a total value of $175,900.00. Following the sale, the vice president now directly owns 19,608 shares in the company, valued at approximately $689,809.44. The transaction 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 stock was sold at an average price of $35.62, for a total transaction of $47,410.22. Following the completion of the sale, the director now owns 1,331 shares in the company, valued at $47,410.22. The disclosure for this sale can be found here.
Several hedge funds have bought and sold shares of the company. Broadview Advisors LLC increased its stake in Hibbett Sports by 7.3% in the fourth quarter. Broadview Advisors LLC now owns 444,025 shares of the company’s stock worth $13,427,000 after buying an additional 30,100 shares during the period. New York State Common Retirement Fund increased its stake in Hibbett Sports by 645.9% in the fourth quarter. New York State Common Retirement Fund now owns 176,043 shares of the company’s stock worth $5,324,000 after buying an additional 152,443 shares during the period. Finally, First Trust Advisors LP increased its stake in Hibbett Sports by 5.5% in the fourth quarter. First Trust Advisors LP now owns 42,986 shares of the company’s stock worth $1,300,000 after buying an additional 2,224 shares during the period.
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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