Hibbett Sports Inc. (HIBB) Director Michael J. Newsome Sells 10,000 Shares
Hibbett Sports Inc. (NASDAQ:HIBB) Director Michael J. Newsome sold 10,000 shares of the business’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $39.97, for a total transaction of $399,700.00. Following the sale, the director now owns 29,882 shares in the company, valued at approximately $1,194,383.54. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) opened at 40.16 on Monday. The stock has a market capitalization of $883.00 million, a price-to-earnings ratio of 13.10 and a beta of 1.05. Hibbett Sports Inc. has a 12-month low of $27.58 and a 12-month high of $41.97. The company has a 50-day moving average of $39.95 and a 200 day moving average of $36.46.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The firm earned $206.90 million during the quarter. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts predict that Hibbett Sports Inc. will post $3.00 earnings per share for the current year.
A number of analysts have recently commented on the stock. Brean Capital restated a “sell” rating on shares of Hibbett Sports in a report on Thursday, September 22nd. Forward View upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Sunday, September 18th. B. Riley reiterated a “neutral” rating and issued a $42.00 price target on shares of Hibbett Sports in a research note on Wednesday, August 17th. BMO Capital Markets dropped their price target on shares of Hibbett Sports from $47.00 to $37.00 and set a “market perform” rating on the stock in a research note on Thursday, August 25th. Finally, Piper Jaffray Cos. dropped their price target on shares of Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.18.
Several large investors have recently added to or reduced their stakes in HIBB. Monarch Partners Asset Management LLC purchased a new stake in Hibbett Sports during the second quarter worth approximately $2,008,000. UBS Group AG boosted its position in shares of Hibbett Sports by 1.2% in the first quarter. UBS Group AG now owns 68,717 shares of the company’s stock valued at $2,466,000 after buying an additional 846 shares in the last quarter. Menta Capital LLC boosted its position in shares of Hibbett Sports by 15.2% in the first quarter. Menta Capital LLC now owns 15,944 shares of the company’s stock valued at $572,000 after buying an additional 2,100 shares in the last quarter. AlphaOne Investment Services LLC boosted its position in shares of Hibbett Sports by 54.5% in the first quarter. AlphaOne Investment Services LLC now owns 81,600 shares of the company’s stock valued at $2,929,000 after buying an additional 28,800 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock valued at $1,969,000 after buying an additional 1,500 shares in the last quarter.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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