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.

HIBB has been the subject of a number of research reports. Bank of America increased their target price on shares of Hibbett Sports from $16.00 to $19.00 and gave the company an “underperform” rating in a research report on Monday, December 2nd. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 7th. Robert W. Baird reduced their target price on shares of Hibbett Sports from $32.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. ValuEngine raised shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Susquehanna Bancshares downgraded shares of Hibbett Sports from a “positive” rating to a “neutral” rating in a research report on Monday. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average price target of $20.60.

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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Insider Buying and Selling by Quarter for Hibbett Sports (NASDAQ:HIBB)

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