Shares of Hibbett Sports Inc. (NASDAQ:HIBB) rose 4% during trading on Friday . The stock traded as high as $38.41 and last traded at $38.09, with a volume of 340,351 shares. The stock had previously closed at $36.61.

HIBB has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Susquehanna initiated coverage on shares of Hibbett Sports in a research report on Friday. They issued a “positive” rating and a $45.00 target price for the company. Brean Capital reissued a “hold” rating and issued a $30.00 target price on shares of Hibbett Sports in a research report on Thursday, May 19th. MKM Partners initiated coverage on shares of Hibbett Sports in a research report on Friday, April 29th. They issued a “neutral” rating and a $39.00 target price for the company. Finally, B. Riley reissued a “neutral” rating and issued a $38.00 target price on shares of Hibbett Sports in a research report on Tuesday, May 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Hibbett Sports presently has a consensus rating of “Hold” and a consensus price target of $37.19.

The firm has a market cap of $860.21 million and a PE ratio of 12.75. The stock’s 50 day moving average is $35.49 and its 200 day moving average is $34.82.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, May 20th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.02. The business had revenue of $282.10 million for the quarter. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. On average, equities research analysts forecast that Hibbett Sports Inc. will post $2.98 earnings per share for the current fiscal year.

In other news, SVP Jared S. Briskin sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $34.36, for a total transaction of $68,720.00. Following the completion of the transaction, the senior vice president now directly owns 1,541 shares of the company’s stock, valued at approximately $52,948.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alton E. Yother sold 1,331 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $35.62, for a total transaction of $47,410.22. Following the transaction, the director now directly owns 1,331 shares of the company’s stock, valued at $47,410.22. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Hibbett Sports stock. New York State Common Retirement Fund boosted its stake in shares of Hibbett Sports Inc. (NASDAQ:HIBB) by 645.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,043 shares of the company’s stock after buying an additional 152,443 shares during the period. New York State Common Retirement Fund owned 0.77% of Hibbett Sports worth $5,324,000 at the end of the most recent reporting 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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