Hibbett Sports Inc. (HIBB) to Release Earnings on Friday
Hibbett Sports Inc. (NASDAQ:HIBB) is scheduled to release its earnings data on Friday, November 18th. Hibbett Sports has set its FY17 guidance at $2.93-3.02 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm earned $206.90 million during the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts expect Hibbett Sports to post $3.000 EPS for the current fiscal year and $3.180 EPS for the next fiscal year.
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) opened at 44.55 on Thursday. The company’s 50 day moving average price is $40.46 and its 200-day moving average price is $37.29. The firm has a market capitalization of $979.52 million, a P/E ratio of 14.53 and a beta of 0.85. Hibbett Sports Inc. has a 12 month low of $27.80 and a 12 month high of $45.85.
In other news, Director Michael J. Newsome sold 10,000 shares of the stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $39.97, for a total value of $399,700.00. Following the completion of the sale, the director now owns 29,882 shares in the company, valued at $1,194,383.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Cathy E. Pryor sold 2,500 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the sale, the vice president now owns 17,108 shares of the company’s stock, valued at approximately $684,320. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of HIBB. BlackRock Inc. raised its stake in shares of Hibbett Sports by 72.8% in the second quarter. BlackRock Inc. now owns 2,980 shares of the company’s stock worth $104,000 after buying an additional 1,255 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Hibbett Sports during the second quarter worth $170,000. Two Sigma Advisers LP acquired a new stake in shares of Hibbett Sports during the third quarter worth $215,000. Profund Advisors LLC raised its stake in shares of 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 period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Hibbett Sports during the second quarter worth $350,000.
Several research firms have weighed in on HIBB. B. Riley reissued a “neutral” rating and issued a $44.00 target price on shares of Hibbett Sports in a report on Monday. Canaccord Genuity set a $40.00 target price on Hibbett Sports and gave the company a “hold” rating in a report on Saturday, November 12th. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, October 24th. Brean Capital restated a “sell” rating on shares of Hibbett Sports in a research report on Thursday, September 22nd. Finally, Forward View upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Sunday, September 18th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $38.88.
About Hibbett Sports
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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