In the market the company is trading down since yesterday’s close of $19.5. Shares of the company are trading at $19.05 which is a tad under the 50 day moving average which is $22.68 and marginally under the 200 day moving average of $29.14. The 50 day moving average was down by -15.77% and the 200 day average went down $-10.04 or -34.46%.
Traders are a little more bullish on shares of Hibbett Sports, Inc. lately if you put credence in the change in short interest. The firm had a fall in short interest of -0.82% as of the latest report on May 15, 2017. Short interest fell 26,487 over that timeframe. Days to cover decreased from 6.6 to 4.9 and the short interest percentage is 0.16% as of May 15.
Here is the rundown on market activity for Hibbett Sports, Inc. (NASDAQ:HIBB). Jared S. Briskin, SVP – Chief Merchant disclosed the sale of 3,040 shares. The shares were purchased at an average price of $28.47. The SVP – Chief Merchant now owns $0 of the stock per the Form 4 SEC filing. Director Alton E. Yother disclosed the sale of 5,000 shares of HIBB stock. The shares were sold on December 13th for an average price of $41.49. Yother now owns $0 of the stock according to the SEC filing.
Albert C. Johnson, Director sold $36,441 worth of shares at an average price of $40.40 on Fri the 2nd. The Director now owns $118,574 of the stock as reported to the SEC.
Hibbett Sports, Inc., launched on January 4, 2007, 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. The Company offers convenient locations and an assortment of brand name footwear, apparel, accessories and athletic equipment. The Company operates under various brands, such as Nike, Under Armour, Reebok, adidas, Easton and The North Face..
These firms have also modified their investment in HIBB. As of the end of the quarter Gw&k Investment Management, LLC had sold 17,513 shares trimming its holdings by 2.9%. The value of the total investment in Hibbett Sports, Inc. went from $17,738,000 to $12,113,000 a change of $5,625,000 since the last quarter. As of quarter end Bank Of Montreal /can/ had disposed of a total of 199 shares trimming its position 58.9%. The value in dollars decreased from $10,000 to $3,000 decreasing 70.0% for the reporting period.
As of quarter end Morgan Stanley had bought 83 shares growing its stake by 7.1%. The value of the investment in (HIBB) decreased from $44,000 to $37,000 a change of 15.9% quarter over quarter. As of quarter end Goldman Sachs Group Inc had sold 24,260 shares trimming its holdings by 26.8%. The value of the investment in Hibbett Sports, Inc. went from $3,373,000 to $1,952,000 decreasing 42.1% quarter to quarter.
Susquehanna added HIBB to its research portfolio with a rating of “”. On June 24, 2016 Stifel Nicolaus started covering the stock giving it an initial rating of “Hold”.
On May 16 Susquehanna held the company rating at “Neutral” but raised the price target to $37.00 from $28.00. Equity analyst MKM Partners started covering HIBB by announcing an initial rating of “Neutral”.
On April 6, 2016 the stock rating was set at “Underperform” according to a Bank of America report which was a cut from the previous “Neutral” rating. On April 4 the stock rating was upgraded from “Neutral” to “Buy” by analysts at Sterne Agee CRT.
The P/E ratio is 7.83 and the market cap of the company is 396.63M. As of the last earnings report the EPS was $2.44 and is estimated to be $2.42 for the current year with 20,766,000 shares now outstanding. Next quarter’s EPS is expected be $0.63 and the next full year EPS is anticipated to be $2.60.