Hibbett Sports Inc. (HIBB) Trading Down 2.4% Following Insider Selling
Hibbett Sports Inc. (NASDAQ:HIBB)’s share price was down 2.4% during trading on Monday following insider selling activity. The company traded as low as $38.70 and last traded at $39.20, with a volume of 92,175 shares trading hands. The stock had previously closed at $40.16.
Specifically, VP Cathy E. Pryor sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the completion of the transaction, the vice president now owns 17,108 shares in the company, valued at approximately $684,320. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert C. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $38.81, for a total transaction of $38,810.00. Following the transaction, the director now owns 4,837 shares of the company’s stock, valued at approximately $187,723.97. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several research analysts recently commented on HIBB shares. Stifel Nicolaus started coverage on shares of Hibbett Sports in a research note on Friday, June 24th. They set a “hold” rating for the company. Zacks Investment Research raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, July 25th. B. Riley reissued a “neutral” rating and set a $42.00 target price on shares of Hibbett Sports in a research report on Friday, August 12th. Susquehanna started coverage on shares of Hibbett Sports in a research report on Friday, August 12th. They set a “positive” rating and a $45.00 target price on the stock. Finally, Forward View reissued a “hold” rating and set a $35.00 target price on shares of Hibbett Sports in a research report on Sunday, August 14th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.18.
The company has a market capitalization of $861.89 million, a P/E ratio of 12.79 and a beta of 1.05. The firm has a 50-day moving average price of $39.98 and a 200-day moving average price of $36.49.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, August 19th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Hibbett Sports had a net margin of 7.32% and a return on equity of 22.04%. The company had revenue of $206.90 million for the quarter. During the same period in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Hibbett Sports Inc. will post $3.00 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in HIBB. Commerce Bank boosted its stake in Hibbett Sports by 0.5% in the second quarter. Commerce Bank now owns 9,615 shares of the company’s stock worth $334,000 after buying an additional 50 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Hibbett Sports by 1.9% in the second quarter. Capstone Asset Management Co. now owns 7,373 shares of the company’s stock worth $257,000 after buying an additional 140 shares during the last quarter. Profund Advisors LLC boosted its stake in Hibbett Sports by 4.9% in the second quarter. Profund Advisors LLC now owns 7,304 shares of the company’s stock worth $254,000 after buying an additional 338 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Hibbett Sports by 14.5% in the third quarter. Advisory Services Network LLC now owns 2,682 shares of the company’s stock worth $107,000 after buying an additional 340 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Hibbett Sports by 3.3% in the second quarter. Thrivent Financial for Lutherans now owns 10,840 shares of the company’s stock worth $377,000 after buying an additional 350 shares during the period.
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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