Hibbett Sports, Inc. (NASDAQ:HIBB)’s share price fell 5.3% during mid-day trading on Thursday . The stock traded as low as $13.15 and last traded at $13.30. 703,282 shares changed hands during trading, a decline of 22% from the average session volume of 905,181 shares. The stock had previously closed at $14.05.
Several research firms recently issued reports on HIBB. B. Riley restated a “neutral” rating and set a $25.00 price target on shares of Hibbett Sports in a research report on Monday, May 22nd. TheStreet lowered Hibbett Sports from a “c-” rating to a “d+” rating in a research report on Wednesday, September 6th. Robert W. Baird set a $10.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, August 18th. BMO Capital Markets set a $10.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Canaccord Genuity set a $25.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, May 19th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.89.
The firm’s 50 day moving average is $13.07 and its 200-day moving average is $21.76. The stock has a market cap of $284.47 million, a P/E ratio of 6.77 and a beta of 0.76.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $190.31 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts predict that Hibbett Sports, Inc. will post $1.30 EPS for the current fiscal year.
In other news, Director Michael J. Newsome acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $12.13 per share, with a total value of $121,300.00. Following the completion of the purchase, the director now directly owns 44,924 shares in the company, valued at $544,928.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffry O. Rosenthal acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The disclosure for this purchase can be found here. In the last three months, insiders purchased 25,500 shares of company stock worth $312,595. 1.60% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after purchasing an additional 2,942,351 shares in the last quarter. FMR LLC grew its stake in Hibbett Sports by 3.9% in the first quarter. FMR LLC now owns 2,660,436 shares of the company’s stock worth $78,483,000 after purchasing an additional 100,929 shares in the last quarter. Vanguard Group Inc. grew its stake in Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock worth $59,147,000 after purchasing an additional 140,569 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares in the last quarter. Finally, State Street Corp grew its stake in Hibbett Sports by 10.4% in the second quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after purchasing an additional 74,526 shares in the last quarter.
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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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