Hibbett Sports (NASDAQ:HIBB) Director Alton E. Yother sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $28.20, for a total value of $141,000.00. Following the completion of the sale, the director now directly owns 16,237 shares in the company, valued at $457,883.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ HIBB opened at $26.60 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 0.81. Hibbett Sports has a twelve month low of $9.40 and a twelve month high of $29.17. The stock has a market capitalization of $534.14, a P/E ratio of 16.32, a P/E/G ratio of 1.81 and a beta of 0.84.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, March 16th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Hibbett Sports had a net margin of 3.62% and a return on equity of 10.37%. The business had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $261.37 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. sell-side analysts anticipate that Hibbett Sports will post 1.87 earnings per share for the current year.
Several equities research analysts have recently issued reports on HIBB shares. BidaskClub raised Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Bank of America raised Hibbett Sports from an “underperform” rating to a “buy” rating and lowered their price target for the company from $14.00 to $12.00 in a research report on Tuesday, January 16th. Canaccord Genuity raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Monday, January 8th. Finally, ValuEngine raised Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Macquarie Group Ltd. bought a new stake in shares of Hibbett Sports in the third quarter valued at about $204,000. MetLife Investment Advisors LLC bought a new position in Hibbett Sports during the fourth quarter worth about $208,000. Cornerstone Capital Management Holdings LLC. bought a new position in Hibbett Sports during the fourth quarter worth about $257,000. BNP Paribas Arbitrage SA lifted its stake in Hibbett Sports by 47.4% during the third quarter. BNP Paribas Arbitrage SA now owns 20,218 shares of the company’s stock worth $288,000 after purchasing an additional 6,505 shares during the period. Finally, Aperio Group LLC lifted its stake in Hibbett Sports by 26.8% during the fourth quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock worth $324,000 after purchasing an additional 3,364 shares during the period.
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Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.
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