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.
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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