Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hibbett Sports (HIBB) Share Price
News coverage about Hibbett Sports (NASDAQ:HIBB) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hibbett Sports earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.8651696801702 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- (HIBB) is up at $12.23 Hibbett Sports Stores Nationwide… (highlightpress.com)
- 69.3% Return Seen to Date on SmarTrend Hibbett Sports I Call (HIBB) (mysmartrend.com)
- Insider Buying At Hibbett Sports Follows Disappointing Earnings (finance.yahoo.com)
- Hibbett Sports Stores Nationwide Collecting Red Cross Donations To Support Hurricane Harvey Victims (finance.yahoo.com)
- Hibbett Sports, Inc. (HIBB) CEO Buys $29,875.00 in Stock (americanbankingnews.com)
A number of brokerages recently weighed in on HIBB. Forward View cut shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target (down from $17.00) on shares of Hibbett Sports in a research report on Sunday, August 20th. Zacks Investment Research raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, July 24th. MKM Partners reissued a “neutral” rating and issued a $24.00 price target (down from $27.00) on shares of Hibbett Sports in a research report on Monday, May 22nd. Finally, Sidoti raised shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research report on Friday, July 14th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Hibbett Sports has a consensus rating of “Hold” and an average price target of $21.89.
Hibbett Sports (HIBB) traded up 3.36% on Thursday, reaching $12.30. 800,926 shares of the company traded hands. Hibbett Sports has a 12 month low of $9.40 and a 12 month high of $45.85. The company has a 50-day moving average price of $14.60 and a 200-day moving average price of $22.98. The company has a market capitalization of $255.61 million, a P/E ratio of 6.01 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $188 million for the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. Hibbett Sports’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. Equities research analysts expect that Hibbett Sports will post $1.30 EPS for the current year.
In related news, Director Michael J. Newsome purchased 10,000 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $12.13 per share, for a total transaction of $121,300.00. Following the transaction, the director now owns 44,924 shares of the company’s stock, valued at $544,928.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffry O. Rosenthal purchased 2,500 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now directly owns 82,703 shares in the company, valued at approximately $988,300.85. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 15,500 shares of company stock worth $186,695. 1.60% of the stock is currently owned by insiders.
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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