Hibbett Sports Inc (HIBB) Files Form 4 Insider Selling : Michael J Newsome Sells 20,000 Shares

Hibbett Sports Inc (HIBB): Michael J Newsome , director of Hibbett Sports Inc sold 20,000 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $36.10 per share for a total value of $722,006.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Jun 8, 2016, Jared S Briskin (SVP – Chief Merchant) sold 2,000 shares at $34.36 per share price.On Dec 2, 2015, Albert C Johnson (director) sold 1,388 shares at $32.20 per share price.

Hibbett Sports: On Monday, Jul 11, 2016 heightened volatility was witnessed in Hibbett Sports which led to swings in the share price. The shares opened for trading at $35.62 and hit $36.52 on the upside , eventually ending the session at $36.44, with a gain of 1.93% or 0.69 points. The heightened volatility saw the trading volume jump to 4,78,935 shares. The 52-week high of the share price is $47.38 and the company has a market cap of $815 M . The 52-week low of the share price is at $27.58.

Hibbett Sports Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hibbett Sports is Resumed by Stifel to Hold. The Rating was issued on Jun 24, 2016.Hibbett Sports is Initiated by MKM Partners to Neutral and the brokerage firm has set the Price Target at $39. The Rating was issued on Apr 29, 2016.

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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