Insider Selling: Hibbett Sports Inc. (HIBB) VP Sells $100,000.00 in Stock
Hibbett Sports Inc. (NASDAQ:HIBB) VP Cathy E. Pryor sold 2,500 shares of Hibbett Sports stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the sale, the vice president now directly owns 17,108 shares of the company’s stock, valued at $684,320. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) opened at 40.13 on Monday. Hibbett Sports Inc. has a 12-month low of $27.58 and a 12-month high of $41.49. The firm has a market cap of $882.34 million, a PE ratio of 13.09 and a beta of 1.08. The company has a 50 day moving average price of $37.42 and a 200-day moving average price of $35.75.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business earned $206.90 million during the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. Analysts expect that Hibbett Sports Inc. will post $3.00 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Hibbett Sports by 72.8% in the second quarter. BlackRock Inc. now owns 2,980 shares of the company’s stock worth $104,000 after buying an additional 1,255 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock worth $116,000 after buying an additional 403 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Hibbett Sports by 105.9% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock worth $122,000 after buying an additional 1,800 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Hibbett Sports during the second quarter worth about $135,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Hibbett Sports during the second quarter worth about $152,000.
A number of analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating and set a $42.00 price target on shares of Hibbett Sports in a report on Saturday, August 27th. Piper Jaffray Cos. reduced their target price on Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Deutsche Bank AG reissued a “hold” rating and issued a $47.00 target price on shares of Hibbett Sports in a report on Thursday, August 25th. BMO Capital Markets reduced their target price on Hibbett Sports from $47.00 to $37.00 and set a “market perform” rating for the company in a report on Thursday, August 25th. Finally, Zacks Investment Research downgraded Hibbett Sports from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Hibbett Sports currently has a consensus rating of “Hold” and a consensus price target of $38.18.
About Hibbett Sports
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets, predominantly in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores.
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