Michael E. Longo Buys 15,000 Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) Stock
Hibbett Sports, Inc. (NASDAQ:HIBB) CEO Michael E. Longo bought 15,000 shares of Hibbett Sports stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $9.00 per share, with a total value of $135,000.00. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at $270,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hibbett Sports stock opened at $10.48 on Thursday. Hibbett Sports, Inc. has a twelve month low of $7.33 and a twelve month high of $30.98. The firm has a 50 day moving average price of $18.87 and a 200-day moving average price of $23.21. The company has a market capitalization of $180.62 million, a P/E ratio of 4.51, a P/E/G ratio of 0.45 and a beta of 0.71. The company has a quick ratio of 0.36, a current ratio of 1.59 and a debt-to-equity ratio of 0.58.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 20th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.11). The business had revenue of $313.00 million during the quarter, compared to the consensus estimate of $303.63 million. Hibbett Sports had a return on equity of 12.39% and a net margin of 2.27%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Equities analysts expect that Hibbett Sports, Inc. will post 1.9 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in Hibbett Sports by 1,236.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock worth $31,000 after buying an additional 1,236 shares during the period. Assetmark Inc. boosted its holdings in Hibbett Sports by 29.1% in the 4th quarter. Assetmark Inc. now owns 3,242 shares of the company’s stock worth $91,000 after buying an additional 731 shares during the period. UBS Asset Management Americas Inc. bought a new position in Hibbett Sports in the 4th quarter worth approximately $210,000. Cornerstone Investment Partners LLC bought a new position in Hibbett Sports in the 4th quarter worth approximately $224,000. Finally, Unison Advisors LLC bought a new position in Hibbett Sports in the 4th quarter worth approximately $241,000.
Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
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