Hibbett Sports, Inc. (HIBB) Issues Earnings Results, Beats Expectations By $0.15 EPS
Hibbett Sports, Inc. (NASDAQ:HIBB) released its quarterly earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15, Bloomberg Earnings reports. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year.
Shares of Hibbett Sports (HIBB) opened at $14.85 on Friday. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $45.50. The company has a market capitalization of $288.58, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 5.02 and a beta of 0.72.
A number of research firms recently weighed in on HIBB. BidaskClub lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a report on Thursday, July 27th. Forward View downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Hibbett Sports in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.06.
In other Hibbett Sports news, insider Scott Justin Bowman bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average price of $11.84 per share, for a total transaction of $35,520.00. Following the transaction, the insider now directly owns 7,883 shares of the company’s stock, valued at approximately $93,334.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Newsome bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $12.13 per share, for a total transaction of $121,300.00. Following the transaction, the director now directly owns 44,924 shares in the company, valued at $544,928.12. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 25,500 shares of company stock worth $312,595. Insiders own 1.60% of the company’s stock.
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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