Hibbett Sports Trading Up 2.9% on Insider Buying Activity (HIBB)
Hibbett Sports (NASDAQ:HIBB) shares were up 2.9% on Friday after an insider bought additional shares in the company, ARN reports. The stock traded as high as $52.76 and last traded at $52.58, with a volume of 287,052 shares trading hands. The stock had previously closed at $51.08.
Specifically, Director Ralph T. Parks purchased 1,000 shares of Hibbett Sports stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $51.10 per share, with a total value of $51,100.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HIBB. Analysts at Canaccord Genuity cut their price target on shares of Hibbett Sports from $53.00 to $50.00 in a research note on Monday. Separately, analysts at Bank of America initiated coverage on shares of Hibbett Sports in a research note on Tuesday, May 6th. They set a “buy” rating and a $64.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.60.
The stock’s 50-day moving average is $53.92 and its 200-day moving average is $58.78. The company has a market cap of $1.359 billion and a price-to-earnings ratio of 18.33.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.09. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter last year, the company posted $1.00 earnings per share. Hibbett Sports’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Hibbett Sports will post $2.90 EPS for the current fiscal year.
Hibbett Sports, Inc is an operator of sporting goods retail stores in small to mid-sized markets predominately in the Southeast, Southwest, Mid-Atlantic and Midwest regions of the United States.
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