Hibbett Sports Inc. (HIBB) Sees Unusually-High Trading Volume
Hibbett Sports Inc. (NASDAQ:HIBB) shares saw an uptick in trading volume on Thursday . 458,852 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 405,489 shares.The stock last traded at $37.75 and had previously closed at $37.34.
A number of research firms have commented on HIBB. B. Riley reissued a “neutral” rating and issued a $42.00 price objective on shares of Hibbett Sports in a research note on Wednesday. Forward View reissued a “hold” rating and issued a $35.00 price objective on shares of Hibbett Sports in a research note on Sunday, August 14th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Hibbett Sports in a research note on Monday, August 15th. Canaccord Genuity reissued a “hold” rating and issued a $36.00 price objective on shares of Hibbett Sports in a research note on Wednesday. Finally, Zacks Investment Research raised Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.06.
The stock has a market capitalization of $854.39 million and a price-to-earnings ratio of 12.67. The stock has a 50-day moving average price of $36.08 and a 200-day moving average price of $35.07.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, August 19th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. During the same period last year, the business earned $0.28 EPS. The firm had revenue of $206.90 million for the quarter, compared to analyst estimates of $209.39 million. The company’s revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Hibbett Sports Inc. will post $2.98 EPS for the current year.
In related news, Director Alton E. Yother sold 1,331 shares of the firm’s stock in a transaction 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 sale, the director now owns 1,331 shares of the company’s stock, valued at approximately $47,410.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Cathy E. Pryor sold 5,000 shares of the firm’s stock in a transaction on 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 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 Securities and Exchange Commission. The fund 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 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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