Hibbett Sports Inc. (HIBB) Hits New 12-Month High at $41.49
Hibbett Sports Inc. (NASDAQ:HIBB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.49 and last traded at $39.52, with a volume of 438,020 shares traded. The stock had previously closed at $38.88.
Several equities research analysts have recently commented on the stock. Forward View reaffirmed a “hold” rating and issued a $35.00 target price on shares of Hibbett Sports in a research report on Sunday. B. Riley reissued a “neutral” rating and set a $42.00 price target on shares of Hibbett Sports in a research report on Friday. Susquehanna lowered their price target 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 raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 25th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating on shares of Hibbett Sports in a research report on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.06.
The company has a market capitalization of $891.99 million and a PE ratio of 13.22. The company has a 50 day moving average price of $35.60 and a 200 day moving average price of $34.93.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, May 20th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The business had revenue of $282.10 million for the quarter. Hibbett Sports’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Equities research analysts anticipate that Hibbett Sports Inc. will post $2.98 EPS for the current fiscal year.
In other Hibbett Sports news, VP Cathy E. Pryor sold 5,000 shares of the stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $35.18, for a total transaction of $175,900.00. Following the transaction, the vice president now directly owns 19,608 shares in the company, valued at approximately $689,809.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jared S. Briskin sold 2,000 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $34.36, for a total transaction of $68,720.00. Following the transaction, the senior vice president now owns 1,541 shares in the company, valued at $52,948.76. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Hibbett Sports stock. First Trust Advisors LP raised its stake in Hibbett Sports Inc. (NASDAQ:HIBB) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,986 shares of the company’s stock after buying an additional 2,224 shares during the period. First Trust Advisors LP owned approximately 0.19% of Hibbett Sports worth $1,300,000 as of its most recent filing with the SEC.
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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