Hibbett Sports, Inc. (NASDAQ:HIBB) VP Cathy E. Pryor sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $275,000.00. Following the sale, the vice president now directly owns 446 shares of the company’s stock, valued at $11,150. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ HIBB opened at $23.68 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $22.97 and a two-hundred day simple moving average of $20.07. The firm has a market cap of $463.30 million, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.48. Hibbett Sports, Inc. has a twelve month low of $13.08 and a twelve month high of $26.40.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The business had revenue of $252.40 million during the quarter, compared to analyst estimates of $255.71 million. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. Hibbett Sports’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. On average, research analysts expect that Hibbett Sports, Inc. will post 2.19 earnings per share for the current year.
HIBB has been the subject of a number of research analyst reports. Robert W. Baird set a $17.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research note on Monday, August 26th. Zacks Investment Research lowered Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research note on Monday, July 29th. BidaskClub raised Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 26th. Bank of America decreased their price target on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Monday, August 26th. Finally, Susquehanna Bancshares set a $29.00 target price on Hibbett Sports and gave the company a “buy” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.26.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of Hibbett Sports by 1,236.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock worth $31,000 after acquiring an additional 1,236 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Hibbett Sports in the 3rd quarter worth $41,000. C M Bidwell & Associates Ltd. bought a new position in shares of Hibbett Sports in the 2nd quarter worth $39,000. Point72 Hong Kong Ltd bought a new position in shares of Hibbett Sports in the 2nd quarter worth $66,000. Finally, Everence Capital Management Inc. bought a new position in shares of Hibbett Sports in the 3rd quarter worth $228,000.
About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
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