Location:Home > sneakers > Inc. of late if you take into consideration the increase in short interest. The firm saw a rise in

Inc. of late if you take into consideration the increase in short interest. The firm saw a rise in

Time:2017-10-09 08:18Shoes websites Click:

Sports Hibbett Tigers Auburn HIBB

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Hibbett Sports, Inc. (NASDAQ:HIBB):

Hibbett Sports Announces Auburn Tigers Football Sponsorship Through 2019.

The company is down from yesterday’s close of 14.42.

Hibbett Sports, Inc., launched on January 4, 2007, operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. 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. The Company offers convenient locations and an assortment of brand name footwear, apparel, accessories and athletic equipment. The Company operates under various brands, such as Nike, Under Armour, Reebok, adidas, Easton and The North Face..

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Company shares are trading at $13.80 marginally over the 50 day moving average of $12.84 and which is much lower than the 200 day moving average of $20.26. The 50 day moving average went up $0.96 or +7.46% and the 200 day average moved down $-6.46.

The most current P/E ratio is 6.75 and market capitalization is 283.44M. In the last earnings report the EPS was $2.05 and is projected to be $1.30 for the current year with 20,539,000 shares currently outstanding. Next quarter’s EPS is expected be $0.24 with next year’s EPS anticipated to be $1.27.

Traders are feeling more bearish on Hibbett Sports, Inc. of late if you take into consideration the increase in short interest. The firm saw a rise in short interest of 5.26% between August 15, 2017 and August 31, 2017. Short shares increased 207,763 over that period. Days to cover decreased from 6.0 to 3.0 and the short interest percentage is 0.20% as of August 31.

Analysts have provided guidance on the company. Equity analyst Buckingham started coverage with an initial rating of “Neutral”. On August 21 Canaccord Genuity kept the stock rating at “Hold” and lowered the price expectation to $11.00 from $36.00.

On September 20 the company was rated “Positive” in a report from Susquehanna up from the previous “Neutral” rating.

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