Ralph T. Parks Acquires 10,000 Shares of Hibbett Sports, Inc. (HIBB) Stock
Hibbett Sports, Inc. (NASDAQ:HIBB) Director Ralph T. Parks bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of $12.59 per share, for a total transaction of $125,900.00. Following the acquisition, the director now directly owns 22,802 shares of the company’s stock, valued at approximately $287,077.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) traded up 4.88% during trading on Friday, reaching $12.90. The company’s stock had a trading volume of 374,927 shares. The firm has a market cap of $268.07 million, a PE ratio of 6.31 and a beta of 0.71. The stock’s 50 day moving average price is $14.60 and its 200-day moving average price is $22.98. Hibbett Sports, Inc. has a 12 month low of $9.40 and a 12 month high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm had revenue of $188 million for the quarter, compared to analysts’ expectations of $190.31 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Hibbett Sports, Inc. will post $1.30 EPS for the current year.
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HIBB has been the topic of several analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $15.00 target price (down previously from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Feltl & Co. upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Monday, May 22nd. BidaskClub upgraded Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, July 24th. Finally, Forward View downgraded Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Hibbett Sports currently has a consensus rating of “Hold” and an average target price of $21.89.
Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted 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 buying an additional 2,942,351 shares during the period. FMR LLC boosted 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 buying an additional 100,929 shares during the period. Vanguard Group Inc. boosted 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 buying an additional 140,569 shares during the period. Dimensional Fund Advisors LP boosted 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 buying an additional 511,443 shares during the period. Finally, State Street Corp boosted 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 buying an additional 74,526 shares during the period.
About Hibbett Sports
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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