Trading Report: Today, FY2017 Earnings Estimate for Hibbett Sports Inc. Issued By B. Riley (HIBB)

Today, FY2017 Earnings Estimate for Hibbett Sports Inc. Issued By B. Riley (HIBB)

Hibbett Sports Inc. (NASDAQ:HIBB) – Equities researchers at B. Riley lowered their FY2017 earnings estimates for Hibbett Sports in a report issued on Monday. B. Riley analyst M. Kummetz now forecasts that the firm will post earnings per share of $2.86 for the year, down from their prior forecast of $3.02. B. Riley currently has a “Neutral” rating and a $42.00 price target on the stock. B. Riley also issued estimates for Hibbett Sports’ Q4 2017 earnings at $0.68 EPS.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 18th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Hibbett Sports had a return on equity of 20.53% and a net margin of 6.84%. The firm earned $237 million during the quarter. During the same period last year, the firm posted $0.79 EPS. Hibbett Sports’s quarterly revenue was up 3.8% on a year-over-year basis.

A number of other analysts have also commented on HIBB. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 11th. Susquehanna started coverage on Hibbett Sports in a research report on Friday, August 12th. They set a “positive” rating and a $45.00 price objective for the company. Forward View reissued a “hold” rating and set a $35.00 price objective on shares of Hibbett Sports in a research report on Sunday, August 14th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Hibbett Sports in a research report on Monday, August 15th. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 price objective on shares of Hibbett Sports in a research report on Wednesday, August 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.07.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at 41.50 on Wednesday. The stock has a 50 day moving average of $40.83 and a 200 day moving average of $37.56. Hibbett Sports has a 1-year low of $28.23 and a 1-year high of $45.85. The company has a market cap of $912.54 million, a price-to-earnings ratio of 14.15 and a beta of 0.85.

In other news, VP Cathy E. Pryor sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the transaction, the vice president now owns 17,108 shares of the company’s stock, valued at approximately $684,320. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Newsome sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $39.97, for a total value of $399,700.00. Following the transaction, the director now directly owns 29,882 shares in the company, valued at approximately $1,194,383.54. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in Hibbett Sports during the third quarter valued at $100,000. BlackRock Inc. increased its position in Hibbett Sports by 72.8% in the second quarter. BlackRock Inc. now owns 2,980 shares of the company’s stock valued at $104,000 after buying an additional 1,255 shares in the last quarter. Advisory Services Network LLC increased its position in Hibbett Sports by 14.5% in the third quarter. Advisory Services Network LLC now owns 2,682 shares of the company’s stock valued at $107,000 after buying an additional 340 shares in the last quarter. Teacher Retirement System of Texas increased its position in Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock valued at $116,000 after buying an additional 403 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in Hibbett Sports by 105.9% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $122,000 after buying an additional 1,800 shares in the last quarter.

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