Hibbett Sports (HIBB) Earning Somewhat Positive Media Coverage, Report Finds

Media coverage about Hibbett Sports (NASDAQ:HIBB) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hibbett Sports earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.8183346838124 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several research firms recently issued reports on HIBB. Stephens reissued a “hold” rating and set a $22.00 target price on shares of Hibbett Sports in a research note on Monday, February 26th. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Canaccord Genuity cut their price target on Hibbett Sports from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, March 16th. BidaskClub upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Consumer Edge upgraded Hibbett Sports from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Hibbett Sports has an average rating of “Hold” and an average price target of $21.61.

Hibbett Sports opened at $28.10 on Friday, according to Marketbeat Ratings. Hibbett Sports has a one year low of $28.55 and a one year high of $29.30. The stock has a market capitalization of $535.53 million, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. The company has a current ratio of 3.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 16th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The business had revenue of $266.70 million for the quarter, compared to the consensus estimate of $261.37 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts expect that Hibbett Sports will post 1.87 earnings per share for the current year.

In other news, Director Alton E. Yother sold 5,000 shares of the stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $28.20, for a total value of $141,000.00. Following the transaction, the director now owns 16,237 shares in the company, valued at approximately $457,883.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Cathy E. Pryor sold 6,500 shares of the stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the transaction, the vice president now owns 13,300 shares in the company, valued at approximately $300,314. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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

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