Jared S. Briskin Sells 1,000 Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) Stock

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Hibbett Sports, Inc. (NASDAQ:HIBB) SVP Jared S. Briskin sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the sale, the senior vice president now directly owns 3,508 shares in the company, valued at $91,208. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of HIBB opened at $24.39 on Friday. Hibbett Sports, Inc. has a 52 week low of $13.08 and a 52 week high of $26.40. The firm has a market cap of $463.30 million, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.10 and a beta of 0.48. The firm’s 50-day simple moving average is $22.90 and its 200 day simple moving average is $20.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.48 and a current ratio of 1.64.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, August 23rd. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Hibbett Sports had a net margin of 2.39% and a return on equity of 11.89%. The business had revenue of $252.40 million for the quarter, compared to analyst estimates of $255.71 million. During the same quarter in the prior year, the business earned ($0.06) EPS. Hibbett Sports’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities analysts forecast that Hibbett Sports, Inc. will post 2.19 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 27th. Zacks Investment Research lowered shares of Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research note on Monday, July 29th. BidaskClub upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 26th. Susquehanna Bancshares set a $29.00 price target on shares of Hibbett Sports and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Robert W. Baird set a $17.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.26.

A number of institutional investors and hedge funds have recently made changes to their positions in HIBB. Tower Research Capital LLC TRC grew its position in shares of Hibbett Sports by 1,236.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock worth $31,000 after purchasing an additional 1,236 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Hibbett Sports during the 3rd quarter worth approximately $41,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Hibbett Sports during the 2nd quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hibbett Sports during the 2nd quarter worth approximately $66,000. Finally, Everence Capital Management Inc. bought a new position in Hibbett Sports in the 3rd quarter valued at approximately $228,000.

About Hibbett Sports

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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