Hibbett Sports Inc (NASDAQ:HIBB) Among Today's Biggest Gainers - Up by 14.14%

Alfred Osborne
November 18, 2017

SD's SI was 1.34 million shares in November as released by FINRA. The shares were purchased at an average price of $11.84. Short interest increased 127,935 over that timeframe. It has underperformed by 16.70% the S&P500. (HIBB) on Friday reported fiscal third-quarter earnings of $7.6 million. HIBB's profit would be $4.31M giving it 16.73 P/E if the $0.21 EPS is correct. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.15, RTT News reports. (NASDAQ:HIBB). Walleye Trading Lc holds 2,585 shares or 0% of its portfolio. The value of the company's investment in Hibbett Sports Inc went from $303,000 to $896,000 increasing 195.7% quarter over quarter. (NASDAQ:HIBB) has declined 26.07% since November 16, 2016 and is downtrending.

Investors sentiment increased to 1.24 in Q2 2017. Its down 0.39, from 1.41 in 2017Q1.

Investors are a little more bearish recently as evidenced by the motion in short interest. ValuEngine raised shares of Hibbett Sports from a "hold" rating to a "buy" rating in a research note on Wednesday, October 11th. (NASDAQ:HIBB) for 4,299 shares. It also reduced Gilead Sciences Inc (NASDAQ:GILD) stake by 35,000 shares and now owns 20,000 shares. Bnp Paribas Arbitrage Sa invested in 0.03% or 66,873 shares. Jacobs Levy Equity Management Inc has 0.04% invested in Hibbett Sports, Inc. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 30th.

Hudson Bay Capital Management Lp decreased Synergy Pharmaceuticals Del New (SGYP) stake by 75% reported in 2017Q2 SEC filing. State Street reported 791,812 shares stake. Utd Services Automobile Association holds 0% or 24,610 shares. Hibbett Sports, Inc. has a 52 week low of $9.40 and a 52 week high of $45.65. (NASDAQ:HIBB) for 19,808 shares. Vanguard Group has invested 0% in Hibbett Sports, Inc. Amer International Grp holds 0.03% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 71,592 shares. Renaissance Technologies accumulated 726,625 shares or 0.02% of the stock. Swiss Bankshares has invested 0% in Hibbett Sports, Inc. Moreover, Ameriprise Finance Inc has 0% invested in Hibbett Sports, Inc.

Among 21 analysts covering Hibbett Sports (NASDAQ:HIBB), 4 have Buy rating, 3 Sell and 14 Hold. Therefore 88% are positive. $22.47's average target is 52.34% above currents $14.75 stock price. Nvidia Corporation had 169 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, July 24, the company rating was maintained by Stifel Nicolaus. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock.

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In other news, Director Michael J. Newsome bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 25th. (NASDAQ:HIBB) for 153,245 shares. Canaccord Genuity has "Buy" rating and $19000 target. Morgan Stanley maintained it with "Equal-Weight" rating and $30 target in Friday, November 6 report.

August 21 investment analysts at Susquehanna Bancshares kept the stock rating at "Neutral" targeting a price of $11.00. The company was maintained on Monday, November 23 by Canaccord Genuity. The company now has a consensus rating of "Hold" and a consensus target price of $21.06.

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. The company has market cap of $288.58 million. 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.

Since May 31, 2017, it had 1 insider purchase, and 3 sales for $2.52 million activity. Therefore 83% are positive. Sandridge Energy Inc. has $25 highest and $0.3 lowest target. Baird's target price would indicate a potential upside of 7.74% from the stock's previous close. The firm has "Neutral" rating given on Friday, April 29 by M Partners. Mizuho initiated SandRidge Energy, Inc. The company was downgraded on Wednesday, April 6 by Bank of America.

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