Insider Selling: Hibbett Sports, Inc. (HIBB) VP Sells 6,500 Shares of Stock

Hibbett Sports, Inc. (NASDAQ:HIBB) VP Cathy E. Pryor sold 6,500 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the sale, the vice president now owns 13,300 shares in the company, valued at $300,314. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

HIBB stock traded down $0.35 during mid-day trading on Friday, reaching $22.20. The company’s stock had a trading volume of 663,741 shares, compared to its average volume of 1,033,342. The stock has a market cap of $463.17, a price-to-earnings ratio of 13.06, a PEG ratio of 1.46 and a beta of 0.85. Hibbett Sports, Inc. has a 1-year low of $9.40 and a 1-year high of $30.02.

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Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, March 16th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. The business had revenue of $266.70 million during the quarter, compared to analyst estimates of $261.37 million. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. sell-side analysts predict that Hibbett Sports, Inc. will post 1.86 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of HIBB. Schroder Investment Management Group purchased a new position in Hibbett Sports during the 4th quarter valued at about $5,671,000. Arrowstreet Capital Limited Partnership purchased a new position in Hibbett Sports during the 4th quarter valued at about $5,567,000. Maverick Capital Ltd. grew its holdings in Hibbett Sports by 136.2% during the 4th quarter. Maverick Capital Ltd. now owns 468,188 shares of the company’s stock valued at $9,551,000 after buying an additional 269,952 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Hibbett Sports during the 4th quarter valued at about $3,589,000. Finally, Guggenheim Capital LLC grew its holdings in Hibbett Sports by 963.5% during the 4th quarter. Guggenheim Capital LLC now owns 130,091 shares of the company’s stock valued at $2,652,000 after buying an additional 117,859 shares in the last quarter.

A number of equities research analysts recently issued reports on HIBB shares. BidaskClub upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. ValuEngine upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Bank of America upgraded Hibbett Sports from an “underperform” rating to a “buy” rating and lowered their price objective for the company from $14.00 to $12.00 in a research note on Tuesday, January 16th. Robert W. Baird restated a “hold” rating on shares of Hibbett Sports in a research note on Friday, December 15th. Finally, Canaccord Genuity set a $31.00 price objective on Hibbett Sports and gave the company a “buy” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports currently has a consensus rating of “Hold” and an average price target of $22.30.

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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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