Jeffry O. Rosenthal Buys 2,500 Shares of Hibbett Sports, Inc. (HIBB) Stock
Hibbett Sports, Inc. (NASDAQ:HIBB) CEO Jeffry O. Rosenthal acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average cost of $11.95 per share, with a total value of $29,875.00. Following the transaction, the chief executive officer now directly owns 82,703 shares in the company, valued at approximately $988,300.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) traded up 2.85% during trading on Friday, reaching $12.65. The company had a trading volume of 101,939 shares. Hibbett Sports, Inc. has a 12 month low of $9.40 and a 12 month high of $45.85. The firm has a 50 day moving average price of $14.60 and a 200 day moving average price of $22.98. The company has a market cap of $262.88 million, a price-to-earnings ratio of 6.19 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $188 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Analysts predict that Hibbett Sports, Inc. will post $1.30 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Boston Partners bought a new stake in shares of Hibbett Sports during the first quarter valued at about $3,342,000. Marshall Wace North America L.P. bought a new stake in shares of Hibbett Sports during the first quarter valued at about $439,000. Quantitative Investment Management LLC increased its stake in shares of Hibbett Sports by 1.8% in the first quarter. Quantitative Investment Management LLC now owns 45,400 shares of the company’s stock valued at $1,339,000 after buying an additional 800 shares during the period. First Quadrant L P CA acquired a new stake in Hibbett Sports during the second quarter worth $698,000. Finally, Karp Capital Management Corp acquired a new stake in Hibbett Sports during the first quarter worth $348,000.
Several research firms recently weighed in on HIBB. Canaccord Genuity set a $25.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, May 19th. B. Riley reissued a “neutral” rating and set a $29.00 price objective on shares of Hibbett Sports in a research report on Wednesday, May 17th. Forward View raised Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective (down previously from $27.00) on shares of Hibbett Sports in a research report on Friday, May 19th. Finally, BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Hibbett Sports currently has an average rating of “Hold” and a consensus target price of $21.89.
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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