Hibbett Sports Inc. (HIBB) Sees Strong Trading Volume
Hibbett Sports Inc. (NASDAQ:HIBB) saw unusually-high trading volume on Thursday . Approximately 458,852 shares were traded 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.
HIBB has been the topic of a number of research reports. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, July 25th. Goldman Sachs Group Inc. restated a “sell” rating on shares of Hibbett Sports in a report on Monday. Brean Capital restated a “hold” rating and issued a $30.00 price objective on shares of Hibbett Sports in a report on Thursday, May 19th. Stifel Nicolaus initiated coverage on Hibbett Sports in a report on Friday, June 24th. They issued a “hold” rating on the stock. Finally, Forward View restated a “hold” rating and issued a $35.00 price objective on shares of Hibbett Sports in a report on Sunday. Three 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 company presently has an average rating of “Hold” and a consensus price target of $37.06.
The company has a 50-day moving average price of $35.99 and a 200-day moving average price of $35.03. The stock has a market cap of $849.25 million and a P/E ratio of 12.59.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, May 20th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $282.10 million for the quarter. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Hibbett Sports Inc. will post $2.98 earnings per share for the current year.
In related news, VP Cathy E. Pryor sold 5,000 shares of Hibbett Sports stock in a transaction on 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 sale, the vice president now owns 19,608 shares of the company’s stock, valued at $689,809.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alton E. Yother sold 1,331 shares of Hibbett Sports stock in a transaction on Monday, July 11th. The shares were sold at an average price of $35.62, for a total value of $47,410.22. Following the sale, the director now directly owns 1,331 shares of the company’s stock, valued at approximately $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 increased its position in Hibbett Sports Inc. (NASDAQ:HIBB) by 645.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 0.77% of Hibbett Sports worth $5,324,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.