Hibbett Sports (NASDAQ:HIBB) posted its earnings results on Thursday. The company reported $1.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.45 by $1.00, MarketWatch Earnings reports. The business had revenue of $331.38 million for the quarter. Hibbett Sports had a net margin of 2.56% and a return on equity of 21.30%.
Shares of HIBB stock opened at $42.64 on Monday. The firm has a fifty day moving average of $43.96 and a 200-day moving average of $29.55. The company has a quick ratio of 0.96, a current ratio of 1.70 and a debt-to-equity ratio of 0.01. Hibbett Sports has a 12-month low of $7.33 and a 12-month high of $55.96. The company has a market capitalization of $705.44 million, a price-to-earnings ratio of 22.09, a P/E/G ratio of 0.62 and a beta of 1.77.
A number of research firms recently weighed in on HIBB. Credit Suisse Group upped their target price on shares of Hibbett Sports from $19.00 to $23.00 and gave the company an "underperform" rating in a research note on Monday, August 31st. TheStreet raised shares of Hibbett Sports from a "c+" rating to a "b" rating in a research note on Friday, September 4th. Zacks Investment Research cut shares of Hibbett Sports from a "strong-buy" rating to a "hold" rating and set a $45.00 target price on the stock. in a research note on Wednesday, October 28th. BidaskClub cut shares of Hibbett Sports from a "buy" rating to a "hold" rating in a research note on Tuesday, November 3rd. Finally, 140166 upped their target price on shares of Hibbett Sports from $40.00 to $50.00 in a research note on Friday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Hibbett Sports presently has an average rating of "Hold" and an average price target of $39.20.
In related news, SVP William G. Quinn sold 1,691 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $34.18, for a total value of $57,798.38. Following the completion of the transaction, the senior vice president now owns 4,956 shares of the company's stock, valued at $169,396.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alton E. Yother sold 5,000 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $55.03, for a total transaction of $275,150.00. Following the completion of the transaction, the director now directly owns 33,780 shares of the company's stock, valued at approximately $1,858,913.40. The disclosure for this sale can be found here. Insiders have sold 41,927 shares of company stock valued at $1,549,387 in the last three months. 2.20% of the stock is owned by insiders.
A hedge fund recently raised its stake in Hibbett Sports stock. Morgan Stanley grew its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,260 shares of the company's stock after acquiring an additional 9,242 shares during the period. Morgan Stanley owned about 1.25% of Hibbett Sports worth $2,255,000 at the end of the most recent quarter.
Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, engages in the retail of athletic-inspired fashion products. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates stores in small and mid-sized communities, and e-commerce Websites under the hibbett.com and citygear.com names.
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