Insider Buying: Hibbett Sports, Inc. (HIBB) CEO Purchases $29,875.00 in Stock
Hibbett Sports, Inc. (NASDAQ:HIBB) CEO Jeffry O. Rosenthal purchased 2,500 shares of Hibbett Sports stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average cost of $11.95 per share, with a total value of $29,875.00. Following the transaction, the chief executive officer now directly owns 82,703 shares in the company, valued at $988,300.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hibbett Sports, Inc. (NASDAQ:HIBB) traded up 3.66% on Friday, reaching $12.75. The company’s stock had a trading volume of 870,576 shares. The firm has a 50-day moving average of $14.39 and a 200 day moving average of $22.83. Hibbett Sports, Inc. has a 12-month low of $9.40 and a 12-month high of $45.85. The company has a market capitalization of $264.96 million, a price-to-earnings ratio of 6.23 and a beta of 0.77.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The business had revenue of $188 million during the quarter, compared to analysts’ expectations of $190.31 million. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities research analysts anticipate that Hibbett Sports, Inc. will post $1.30 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $29.00 price target on shares of Hibbett Sports in a research report on Friday, May 12th. Forward View raised shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Feltl & Co. raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Monday, May 22nd. MKM Partners reaffirmed a “neutral” rating and set a $24.00 price target (down previously from $27.00) on shares of Hibbett Sports in a research report on Monday, May 22nd. Finally, ValuEngine lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Hibbett Sports has an average rating of “Hold” and an average price target of $21.89.
Several hedge funds have recently bought and sold shares of the stock. Boston Partners acquired a new stake in Hibbett Sports during the first quarter worth approximately $3,342,000. Marshall Wace North America L.P. acquired a new stake in Hibbett Sports during the first quarter worth approximately $439,000. Quantitative Investment Management LLC boosted its stake in Hibbett Sports by 1.8% in the first quarter. Quantitative Investment Management LLC now owns 45,400 shares of the company’s stock worth $1,339,000 after buying an additional 800 shares during the period. First Quadrant L P CA acquired a new stake in Hibbett Sports during the second quarter worth approximately $698,000. Finally, Karp Capital Management Corp acquired a new stake in Hibbett Sports during the first quarter worth approximately $348,000.
About Hibbett Sports
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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