Traders Purchase Large Volume of Hibbett Sports Put Options (HIBB)

Hibbett Sports (NASDAQ:HIBB) was the recipient of some unusual options trading on Thursday. Investors acquired 1,977 put options on the stock. This is an increase of 2,646% compared to the typical volume of 72 put options.

Several analysts recently weighed in on the company. Canaccord Genuity raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Monday, January 8th. Stephens reaffirmed a “hold” rating and set a $22.00 target price on shares of Hibbett Sports in a report on Monday, February 26th. ValuEngine raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday. Consumer Edge raised Hibbett Sports from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 7th. Finally, Credit Suisse Group upped their target price on Hibbett Sports from $13.50 to $16.50 and gave the company a “sell” rating in a report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $22.30.

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In related news, VP Cathy E. Pryor sold 6,500 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the sale, the vice president now directly owns 13,300 shares of the company’s stock, valued at $300,314. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of Hibbett Sports by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares during the last quarter. Aperio Group LLC lifted its position in shares of Hibbett Sports by 26.8% during the 4th quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock valued at $324,000 after acquiring an additional 3,364 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Hibbett Sports by 47.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,218 shares of the company’s stock valued at $288,000 after acquiring an additional 6,505 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Hibbett Sports by 15.2% during the 4th quarter. Rhumbline Advisers now owns 51,739 shares of the company’s stock valued at $1,055,000 after acquiring an additional 6,811 shares during the last quarter. Finally, TCW Group Inc. lifted its position in shares of Hibbett Sports by 6.5% during the 4th quarter. TCW Group Inc. now owns 142,726 shares of the company’s stock valued at $2,912,000 after acquiring an additional 8,726 shares during the last quarter.

Shares of NASDAQ HIBB traded down $0.55 during midday trading on Friday, hitting $26.30. 1,242,400 shares of the company’s stock were exchanged, compared to its average volume of 942,545. The company has a current ratio of 3.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01. The company has a market cap of $499.04, a PE ratio of 16.13, a P/E/G ratio of 1.70 and a beta of 0.84. Hibbett Sports has a twelve month low of $9.40 and a twelve month high of $29.20.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, March 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $261.37 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. sell-side analysts forecast that Hibbett Sports will post 1.86 earnings per share for the current fiscal year.

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Hibbett Sports Company Profile

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.

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