Hibbett Sports (NASDAQ:HIBB) Trading 8.9% Higher

Hibbett Sports, Inc. (NASDAQ:HIBB)’s stock price traded up 8.9% on Monday . The stock traded as high as $17.19 and last traded at $16.87, 1,091,885 shares traded hands during mid-day trading. An increase of 49% from the average session volume of 731,735 shares. The stock had previously closed at $15.49.

HIBB has been the subject of several recent analyst reports. Robert W. Baird set a $17.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a report on Monday, August 26th. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 27th. Bank of America decreased their price target on shares of Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. BidaskClub upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, Susquehanna Bancshares set a $29.00 price objective on shares of Hibbett Sports and gave the stock a “buy” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Hibbett Sports presently has a consensus rating of “Hold” and an average target price of $20.26.

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.50 and a current ratio of 1.63. The stock has a market capitalization of $301.63 million, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The firm has a 50-day moving average price of $16.65 and a 200 day moving average price of $19.45.



Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. The company had revenue of $252.40 million during the quarter, compared to the consensus estimate of $255.71 million. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. Hibbett Sports’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, equities analysts anticipate that Hibbett Sports, Inc. will post 2.2 earnings per share for the current fiscal year.

In related news, SVP Ronald P. Blahnik acquired 6,125 shares of Hibbett Sports stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $15.84 per share, with a total value of $97,020.00. Following the transaction, the senior vice president now owns 14,700 shares in the company, valued at $232,848. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in HIBB. C M Bidwell & Associates Ltd. purchased a new position in shares of Hibbett Sports in the 2nd quarter valued at approximately $39,000. Point72 Hong Kong Ltd bought a new stake in shares of Hibbett Sports during the 2nd quarter valued at $66,000. Menta Capital LLC purchased a new stake in shares of Hibbett Sports in the 2nd quarter worth about $191,000. Verition Fund Management LLC purchased a new stake in shares of Hibbett Sports in the 2nd quarter worth about $209,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Hibbett Sports in the 2nd quarter worth about $217,000.

Hibbett Sports Company Profile (NASDAQ:HIBB)

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

Further Reading: Outstanding Shares and The Effect on Share Price

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