Revenue Update on Hibbett Sports(NASDAQ:HIBB)

Hibbett Sports(NASDAQ:HIBB) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $206.93M. Analysts estimated a revenue of $209.09M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.27.

In a different note, Susquehanna said it Initiates Coverage on Hibbett Sports, according to a research note issued on Aug 12, 2016. The shares have been rated ‘Positive’ by the firm. Stifel Nicolaus said it Initiates Coverage on Hibbett Sports, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Hold’ by the firm.

Hibbett Sports (HIBB) made into the market gainers list on Mondays trading session with the shares advancing 0.53% or 0.2 points. Due to strong positive momentum, the stock ended at $38.24, which is also near the day’s high of $38.37. The stock began the session at $38 and the volume stood at 1,90,231 shares. The 52-week high of the shares is $41.49 and the 52 week low is $27.58. The company has a current market capitalization of $856 M and it has 2,23,78,506 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Michael J Newsome (director) sold 20,000 shares at $36.10 per share price.Also, On Jul 12, 2016, Alton E Yother (director) sold 1,331 shares at $35.62 per share price.On Jun 20, 2016, Cathy E Pryor (Senior VP of Operations) sold 5,000 shares at $35.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Hibbett Sports Inc. operates sporting goods stores in small to mid-sized markets predominantly in the South Southwest Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Company’s primary retail format is Hibbett Sports an approximately 5000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands such as Nike Under Armour Reebok adidas Easton and The North Face. The Company’s Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales Inc. a wholly owned subsidiary of the Company is a supplier of customized athletic apparel equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia Florida and Mississippi.

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