Hibbett Sports Inc. (HIBB) Sets New 52-Week High at $41.49
Hibbett Sports Inc. (NASDAQ:HIBB)’s share price reached a new 52-week high on Tuesday . The company 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.
A number of equities analysts have recently weighed in on the company. Forward View reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Hibbett Sports in a research note on Sunday. B. Riley reissued a “neutral” rating and set a $42.00 price target on shares of Hibbett Sports in a research note on Friday, August 12th. Susquehanna dropped their price target on Hibbett Sports from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, May 16th. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 price target on shares of Hibbett Sports in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.06.
The stock has a market cap of $835.59 million and a P/E ratio of 12.39. The company has a 50-day moving average of $35.89 and a 200-day moving average of $35.01.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, May 20th. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The firm had revenue of $282.10 million for the quarter. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Analysts predict that Hibbett Sports Inc. will post $2.98 earnings per share for the current fiscal year.
In other Hibbett Sports news, SVP Jared S. Briskin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $34.36, for a total transaction of $68,720.00. Following the completion of the sale, the senior vice president now directly owns 1,541 shares in the company, valued at approximately $52,948.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Cathy E. Pryor sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $35.18, for a total value of $175,900.00. Following the sale, the vice president now owns 19,608 shares of the company’s stock, valued at $689,809.44. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Hibbett Sports stock. First Trust Advisors LP increased its stake in Hibbett Sports Inc. (NASDAQ:HIBB) by 5.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,986 shares of the company’s stock after buying an additional 2,224 shares during the period. First Trust Advisors LP owned about 0.19% of Hibbett Sports worth $1,300,000 at the end of the most recent quarter.
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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