The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) hit a new 52-week high and has $67.30 target or 54.00% above today’s $43.70 share price. The 9 months bullish chart indicates low risk for the $996.05M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $67.30 price target is reached, the company will be worth $537.87 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 339,168 shares traded hands or 21.45% up from the average. Hibbett Sports, Inc. (NASDAQ:HIBB) has risen 28.79% since April 11, 2016 and is uptrending. It has outperformed by 22.65% the S&P500.
Hibbett Sports, Inc. (NASDAQ:HIBB) Ratings Coverage
Out of 16 analysts covering Hibbett Sports (NASDAQ:HIBB), 3 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 19% are positive. Hibbett Sports has been the topic of 27 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, July 29. The firm has “Underperform” rating given on Wednesday, April 6 by Bank of America. Susquehanna maintained the stock with “Neutral” rating in Monday, May 16 report. The rating was maintained by Sterne Agee CRT on Monday, August 24 with “Neutral”. Goldman Sachs downgraded the shares of HIBB in a report on Tuesday, March 15 to “Sell” rating. Canaccord Genuity maintained Hibbett Sports, Inc. (NASDAQ:HIBB) on Monday, March 14 with “Hold” rating. The company was initiated on Friday, June 24 by Stifel Nicolaus. Susquehanna initiated the stock with “Positive” rating in Friday, August 12 report. As per Tuesday, August 11, the company rating was maintained by Stifel Nicolaus. BMO Capital Markets maintained Hibbett Sports, Inc. (NASDAQ:HIBB) rating on Monday, August 24. BMO Capital Markets has “Market Perform” rating and $37 price target.
According to Zacks Investment Research, “Hibbett Sporting Goods, Inc. is a rapidly-growing operator of full-line sporting goods stores in small to mid-sized markets predominantly in the southeastern United States. Hibbett’s stores offer a broad assortment of quality athletic equipment, footwear and apparel at competitive prices with superior customer service.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.21, from 1.01 in 2016Q1. The ratio turned negative, as 32 funds sold all Hibbett Sports, Inc. shares owned while 65 reduced positions. 29 funds bought stakes while 49 increased positions. They now own 28.92 million shares or 2.42% more from 28.24 million shares in 2016Q1.
Financial Bank Of America De last reported 131,181 shares in the company. Comerica Commercial Bank last reported 23,023 shares in the company. Rhumbline Advisers has 0% invested in the company for 30,997 shares. The New York-based Highbridge Cap Mngmt has invested 0.01% in Hibbett Sports, Inc. (NASDAQ:HIBB). Skyline Asset Mngmt L P last reported 606,100 shares in the company. Parametric Ltd Limited Liability Company accumulated 127,025 shares or 0.01% of the stock. Aberdeen Asset Management Public Limited Co Uk holds 543,067 shares or 0.07% of its portfolio. Ameriprise Inc accumulated 109,579 shares or 0% of the stock. First Pacific Advsr Ltd Liability Corporation holds 0.07% or 247,100 shares in its portfolio. Moreover, Manufacturers Life The has 0% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 23,887 shares. Oxford Asset Management owns 145,060 shares or 0.21% of their US portfolio. Blackrock Invest Mgmt Llc holds 97,113 shares or 0% of its portfolio. Blackrock Fund Advisors holds 0.01% or 1.47 million shares in its portfolio. Moreover, Hood River Mngmt Ltd Company has 1.23% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 264,666 shares. Strs Ohio, a Ohio-based fund reported 110,000 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 6 insider sales for $1.38 million net activity. 2,500 shares were sold by PRYOR CATHY E, worth $100,000. NEWSOME MICHAEL J sold $722,006 worth of Hibbett Sports, Inc. (NASDAQ:HIBB) on Friday, July 8. $68,720 worth of Hibbett Sports, Inc. (NASDAQ:HIBB) was sold by BRISKIN JARED S. Shares for $38,810 were sold by Johnson Albert C. On Monday, July 11 YOTHER ALTON E sold $47,410 worth of the stock or 1,331 shares.
More news for Hibbett Sports, Inc. (NASDAQ:HIBB) were recently published by: Businesswire.com, which released: “Hibbett Sports Names Karen S. Etzkorn to Its Board” on November 02, 2016. Seekingalpha.com‘s article titled: “Hibbett Sports Seems Undervalued” and published on September 28, 2016 is yet another important article.
HIBB Company Profile
Hibbett Sports, Inc., incorporated on January 4, 2007, operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Firm operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores. It sells merchandise of various brands, such as Nike, Under Armour, Reebok, adidas, Easton, The North Face and Yeti. The Firm maintains a single wholesale and logistics facility in Alabaster, Alabama, where it receives and ships its merchandise.
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