Hibbett Sports, Inc. (NASDAQ:HIBB) Experiences Heavier than Average Trading Volume

Marco Green
August 18, 2017

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Support is likely to come between $11.28 a share to $11.07 a share level. Contravisory Management reported 145,563 shares. Tci Wealth Advisors, Arizona-based fund reported 705 shares. Epoch Inv Prtnrs invested in 0.08% or 563,937 shares. Affinity Wealth Mngmt holds 0.14% in Home Depot Inc (NYSE:HD) or 1,902 shares. Credit Suisse Ag holds 0% or 54,254 shares in its portfolio. The company's revenue for the quarter was down 2.3% on a year-over-year basis. (NASDAQ:HIBB). Systematic Mgmt Lp holds 40,875 shares or 0.02% of its portfolio.

Public Employees Retirement System of OH boosted its stake in shares of Hibbett Sports, Inc.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Thursday, May 18th. (NASDAQ:HIBB), with 1 analysts believing it is a strong buy.

Total shares held by institutions as of the most recent company filings are 22,317,935 with a reported 1,838,812 bought and 4,799,947 sold. Quantitative Investment Management LLC now owns 45,400 shares of the company's stock valued at $1,339,000 after buying an additional 800 shares during the period. Sahejpal Neeraj sold $31,000 worth of stock or 2,000 shares. Finally, Canaccord Genuity reiterated a "hold" rating and set a $29.00 target price on shares of Hibbett Sports in a research note on Wednesday, April 26th. This was revealed in an analyst note on Friday, 18 August.

Birmingham-based Hibbett Sports (NASDAQ:HIBB) reported Friday that its comparable-store sales fell 11.7 percent in the quarter ending July 29 compared with the same quarter a year ago. Therefore 67% are positive. The company's distance from 52-week high price is -0.18240% and current price is above +4.328% from 52-week low price. The firm has a 50 day moving average of $17.18 and a 200-day moving average of $24.58. Prudential Financial has invested 0% in Hibbett Sports, Inc. (NASDAQ:HIBB) has "Neutral" rating given on Monday, August 24 by Piper Jaffray.

Several institutional investors have recently made changes to their positions in HIBB. BidaskClub lowered Hibbett Sports from a "sell" rating to a "strong sell" rating in a research note on Thursday, July 27th. These shares are 28.15% off its target price of $14.93 and the current market capitalization stands at $239.29M. The rating was downgraded by Goldman Sachs to "Sell" on Tuesday, March 15. The firm has "Buy" rating by Roth Capital given on Monday, August 7.

The blending and weighting of numbers above created the technical model built by Capital Market Laboratories (www.CMLviz.com). The stock of Hibbett Sports, Inc.

The stock decreased 2.54% or $0.3 during the last trading session, hitting $11.10.

He added that looking ahead, the firm expected the external environment to remain challenging, although it was encouraged with the progress the company is making on its internal initiatives, notably our new e-commerce website.

In the transaction dated October 13, 2016, the great number of shares disposed came courtesy the Director; NEWSOME MICHAEL J disposed a total of 10,000 shares at an average price of $39.97, amounting to approximately $399,700. Hibbett Sports had 37 analyst reports since July 29, 2015 according to SRatingsIntel. It has underperformed by 42.77% the S&P500.

Hibbett was founded in 1945 and has more than 1,080 stores in 35 states, primarily in small and mid-sized communities. The stock has a market cap of $251.79 million, a price-to-earnings ratio of 4.969 and a beta of 0.71. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.

For the past 5 years, Hibbett Sports, Inc.'s EPS growth has been almost 4.9%. As of the end of the quarter Dynamic Technology Lab Private Ltd had acquired a total of 58,388 shares growing its holdings by 127.9%. The stock showed weekly performance of -2.148%, which was maintained for the month at -0.12520%.

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