Somewhat Positive Media Coverage Somewhat Unlikely to Impact Hibbett Sports (HIBB) Share Price
News stories about Hibbett Sports (NASDAQ:HIBB) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hibbett Sports earned a news impact score of 0.24 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.6155394343891 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- ValuEngine Upgrades Hibbett Sports To BUY (feedproxy.google.com)
- Hibbett Sports, Inc. (HIBB) Upgraded at ValuEngine (americanbankingnews.com)
- Hibbett Sports, Inc. (HIBB) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Suit Up With Hibbett Sports Inc. (seekingalpha.com)
Several equities research analysts have recently commented on HIBB shares. Robert W. Baird restated a “neutral” rating and set a $15.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Forward View downgraded Hibbett Sports to a “sell” rating and set a $10.00 price objective for the company. in a report on Monday, August 28th. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, July 24th. BidaskClub upgraded Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, UBS AG upgraded Hibbett Sports from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.22.
Hibbett Sports (NASDAQ:HIBB) traded down 2.96% on Thursday, reaching $13.10. The company’s stock had a trading volume of 651,203 shares. The company’s 50 day moving average price is $13.28 and its 200-day moving average price is $19.68. The stock has a market cap of $269.06 million, a PE ratio of 6.41 and a beta of 0.78. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $190.31 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts expect that Hibbett Sports will post $1.30 EPS for the current year.
In other Hibbett Sports news, insider Scott Justin Bowman bought 3,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were acquired at an average cost of $11.84 per share, for a total transaction of $35,520.00. Following the purchase, the insider now owns 7,883 shares in the company, valued at approximately $93,334.72. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Newsome bought 10,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $12.13 per share, for a total transaction of $121,300.00. Following the completion of the purchase, the director now owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 25,500 shares of company stock worth $312,595. Company insiders own 1.60% of the company’s stock.
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Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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