Hibbett Sports, Inc. (HIBB) Insider Scott Justin Bowman Purchases 3,000 Shares
Hibbett Sports, Inc. (NASDAQ:HIBB) insider Scott Justin Bowman purchased 3,000 shares of Hibbett Sports stock in a transaction dated Wednesday, August 30th. The stock was bought at an average cost of $11.84 per share, for a total transaction of $35,520.00. Following the completion of the purchase, the insider now directly owns 7,883 shares in the company, valued at approximately $93,334.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) traded up 3.36% on Thursday, hitting $12.30. 800,551 shares of the stock traded hands. The firm’s 50-day moving average is $15.45 and its 200 day moving average is $23.57. The firm has a market cap of $255.61 million, a P/E ratio of 6.01 and a beta of 0.71. Hibbett Sports, Inc. has a 12-month low of $9.40 and a 12-month high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm had revenue of $188 million for the quarter, compared to analysts’ expectations of $190.31 million. During the same period in the previous year, the business earned $0.29 earnings per share. Hibbett Sports’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities research analysts forecast that Hibbett Sports, Inc. will post $1.30 EPS for the current fiscal year.
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A number of research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and issued a $29.00 price objective on shares of Hibbett Sports in a report on Friday, May 12th. Canaccord Genuity set a $25.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a report on Friday, May 19th. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Hibbett Sports in a report on Friday, May 19th. MKM Partners restated a “neutral” rating and issued a $24.00 price objective (down previously from $27.00) on shares of Hibbett Sports in a report on Monday, May 22nd. Finally, Feltl & Co. upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Hibbett Sports presently has an average rating of “Hold” and an average price target of $21.89.
A number of institutional investors have recently modified their holdings of HIBB. JPMorgan Chase & Co. boosted its position in shares of Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after buying an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after buying an additional 245 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after buying an additional 4,300 shares in the last quarter. UBS Group AG boosted its position in shares of Hibbett Sports by 135.8% in the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after buying an additional 3,674 shares in the last quarter. Finally, Invictus RG bought a new position in shares of Hibbett Sports during the first quarter worth $228,000.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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