Price Action Report: What Will Happen to Hibbett Sports, Inc. Next? The Stock Just Declined A Lot

Price Action Report: What Will Happen to Hibbett Sports, Inc. Next? The Stock Just Declined A Lot

The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) is a huge mover today! About 1.10M shares traded hands or 258.81% up from the average. Hibbett Sports, Inc. (NASDAQ:HIBB) has risen 28.15% since April 18, 2016 and is uptrending. It has outperformed by 23.72% the S&P500.
The move comes after 5 months negative chart setup for the $887.04 million company. It was reported on Nov, 18 by Barchart.com. We have $36.10 PT which if reached, will make NASDAQ:HIBB worth $79.83 million less.

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 company was maintained on Monday, August 24 by Sterne Agee CRT. The firm has “Perform” rating given on Thursday, November 12 by Susquehanna. The firm has “Mkt Perform” rating by Barrington Research given on Friday, October 2. The rating was upgraded by Sterne Agee CRT to “Buy” on Monday, April 4. The stock has “Hold” rating given by Canaccord Genuity on Monday, November 23. The stock of Hibbett Sports, Inc. (NASDAQ:HIBB) earned “Hold” rating by Stifel Nicolaus on Friday, June 24. Suntrust Robinson maintained Hibbett Sports, Inc. (NASDAQ:HIBB) on Wednesday, November 18 with “Buy” rating. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, August 11. The rating was maintained by Stifel Nicolaus with “Sell” on Tuesday, August 11. The rating was initiated by Susquehanna with “Positive” on Friday, August 12.

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 increased to 1.1 in 2016 Q2. Its up 0.30, from 0.8 in 2016Q1. The ratio is positive, 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.
Moreover, Assetmark has 0% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 712 shares. Strs Ohio owns 110,000 shares or 0.02% of their US portfolio. Ny State Common Retirement Fund owns 240,796 shares or 0.01% of their US portfolio. Parkside Finance National Bank & Trust And Tru holds 310 shares or 0.01% of its portfolio. Blackrock Advisors Llc last reported 159,309 shares in the company. Moreover, Us Bank & Trust De has 0% invested in Hibbett Sports, Inc. (NASDAQ:HIBB) for 1,063 shares. Ubs Asset Management Americas has invested 0% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Zpr Inv Management has invested 2.35% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB). Ls Inv Advisors Limited Liability Corporation accumulated 0% or 843 shares. Principal Group Incorporated accumulated 164,062 shares or 0.01% of the stock. Northern Tru accumulated 0% or 356,090 shares. Nationwide Fund Advisors holds 189,584 shares or 0.03% of its portfolio. Spot Trading Limited Company reported 4,768 shares or 0% of all its holdings. Teachers accumulated 0% or 36,134 shares. Numeric Invsts Limited Liability has 66,800 shares for 0.02% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 6 insider sales for $1.38 million net activity. 2,500 shares were sold by PRYOR CATHY E, worth $100,000. Shares for $38,810 were sold by Johnson Albert C. Shares for $399,700 were sold by NEWSOME MICHAEL J. 2,000 shares were sold by BRISKIN JARED S, worth $68,720 on Monday, June 6. YOTHER ALTON E had sold 1,331 shares worth $47,410.

More recent Hibbett Sports, Inc. (NASDAQ:HIBB) news were published by: Nasdaq.com which released: “Earnings Reaction History: Hibbett Sports, Inc., 11.1% Follow-Through …” on November 18, 2016. Also Zacks.com published the news titled: “Hibbett Sports (HIBB) Q3 Earnings: Is a Beat in the Cards?” on November 14, 2016. Zacks.com‘s news article titled: “Why Earnings Season Could Be Great for Hibbett Sports (HIBB)” with publication date: November 16, 2016 was also an interesting one.

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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