Hibbett Sports Inc. (NASDAQ:HIBB) Director Michael J. Newsome sold 10,000 shares of Hibbett Sports stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $39.97, for a total value of $399,700.00. Following the completion of the transaction, the director now owns 29,882 shares in the company, valued at $1,194,383.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Hibbett Sports Inc. (NASDAQ:HIBB) opened at 39.10 on Wednesday. The stock has a 50 day moving average price of $40.01 and a 200 day moving average price of $36.52. Hibbett Sports Inc. has a one year low of $27.58 and a one year high of $41.97. The firm has a market cap of $859.69 million, a PE ratio of 12.75 and a beta of 1.06.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $206.90 million for the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Equities research analysts expect that Hibbett Sports Inc. will post $3.00 EPS for the current year.
A number of research analysts have recently issued reports on HIBB shares. Brean Capital reiterated a “sell” rating and issued a $33.00 price target on shares of Hibbett Sports in a report on Monday, August 22nd. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Hibbett Sports in a report on Monday, August 15th. Forward View reiterated a “hold” rating and issued a $35.00 price target on shares of Hibbett Sports in a report on Sunday, August 14th. Finally, Stifel Nicolaus started coverage on Hibbett Sports in a report on Friday, June 24th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Hibbett Sports currently has an average rating of “Hold” and an average target price of $38.18.
A number of institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC acquired a new position in Hibbett Sports during the first quarter valued at approximately $30,167,000. First Pacific Advisors LLC acquired a new position in Hibbett Sports during the second quarter valued at approximately $8,597,000. Aberdeen Asset Management PLC UK raised its position in Hibbett Sports by 60.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 543,067 shares of the company’s stock valued at $18,894,000 after buying an additional 204,526 shares during the period. Hood River Capital Management LLC raised its position in Hibbett Sports by 97.1% in the second quarter. Hood River Capital Management LLC now owns 264,666 shares of the company’s stock valued at $9,208,000 after buying an additional 130,410 shares during the period. Finally, Henderson Group PLC raised its position in Hibbett Sports by 57.7% in the second quarter. Henderson Group PLC now owns 297,948 shares of the company’s stock valued at $10,366,000 after buying an additional 109,053 shares during the period.
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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