Hibbett Sports Inc. (HIBB) Sees Unusually-High Trading Volume
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) saw unusually-high trading volume on Monday . Approximately 494,533 shares changed hands during trading, an increase of 52% from the previous session’s volume of 325,672 shares.The stock last traded at $36.44 and had previously closed at $35.75.
HIBB has been the topic of several recent analyst reports. Canaccord Genuity cut their price objective on Hibbett Sports from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Monday, March 14th. B. Riley reiterated a “neutral” rating and set a $38.00 price objective on shares of Hibbett Sports in a report on Monday, March 14th. Deutsche Bank AG cut their price objective on Hibbett Sports from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, March 14th. BMO Capital Markets cut their price objective on Hibbett Sports from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, March 14th. Finally, Goldman Sachs Group Inc. cut Hibbett Sports from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $33.00 to $35.00 in a report on Tuesday, March 15th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.94.
The firm has a market cap of $815.45 million and a price-to-earnings ratio of 12.09. The firm has a 50-day moving average price of $34.59 and a 200-day moving average price of $33.97.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results 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. During the same period last year, the firm posted $1.09 EPS. The business had revenue of $282.10 million for the quarter. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hibbett Sports Inc. will post $2.98 earnings per share for the current fiscal year.
In related news, VP Cathy E. Pryor sold 5,000 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $35.18, for a total transaction of $175,900.00. Following the completion of the transaction, the vice president now directly owns 19,608 shares in the company, valued at $689,809.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jared S. Briskin sold 2,000 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $34.36, for a total value of $68,720.00. Following the transaction, the senior vice president now owns 1,541 shares of the company’s stock, valued at $52,948.76. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the company. Philadelphia Trust Co. purchased a new stake in shares of Hibbett Sports during the fourth quarter valued at about $1,373,000. Nationwide Fund Advisors raised its stake in Hibbett Sports by 5.4% in the fourth quarter. Nationwide Fund Advisors now owns 158,116 shares of the company’s stock worth $4,781,000 after buying an additional 8,123 shares during the period. Boston Partners bought a new stake in Hibbett Sports during the fourth quarter worth $41,565,000. Henderson Group PLC raised its stake in Hibbett Sports by 0.7% in the fourth quarter. Henderson Group PLC now owns 192,661 shares of the company’s stock worth $5,826,000 after buying an additional 1,333 shares during the period. Finally, Numeric Investors LLC bought a new stake in Hibbett Sports during the fourth quarter worth $1,385,000.
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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