Alton E. Yother Sells 5,000 Shares of Hibbett Sports (HIBB) Stock

Hibbett Sports (NASDAQ:HIBB) Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $28.20, for a total transaction of $141,000.00. Following the completion of the sale, the director now owns 16,237 shares in the company, valued at $457,883.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Hibbett Sports stock traded down $0.20 during trading on Thursday, hitting $28.00. 206,655 shares of the stock were exchanged, compared to its average volume of 811,130. The firm has a market capitalization of $522.75, a PE ratio of 16.90, a P/E/G ratio of 1.78 and a beta of 0.84. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $29.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 0.81.

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



HIBB has been the topic of several recent research reports. BidaskClub upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Bank of America upgraded shares of Hibbett Sports from an “underperform” rating to a “buy” rating and lowered their price target for the company from $14.00 to $12.00 in a research note on Tuesday, January 16th. Canaccord Genuity upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, January 8th. Finally, ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Hibbett Sports has a consensus rating of “Hold” and an average price target of $22.30.

Several hedge funds have recently made changes to their positions in HIBB. Macquarie Group Ltd. bought a new stake in shares of Hibbett Sports during the 3rd quarter worth about $204,000. MetLife Investment Advisors LLC bought a new stake in shares of Hibbett Sports during the 4th quarter worth about $208,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Hibbett Sports during the 4th quarter worth about $257,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Hibbett Sports by 47.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,218 shares of the company’s stock worth $288,000 after buying an additional 6,505 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Hibbett Sports by 26.8% during the 4th quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock worth $324,000 after buying an additional 3,364 shares during the period.

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About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.

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