Hibbett Sports Inc (HIBB) Files Form 4 Insider Selling : Jared S Briskin Sells 2,000 Shares

Hibbett Sports Inc (HIBB): Jared S Briskin , SVP – Chief Merchant of Hibbett Sports Inc sold 2,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $34.36 per share for a total value of $68,720.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 10, 2015, Alton E Yother (director) sold 5,000 shares at $31.97 per share price.On Dec 2, 2015, Albert C Johnson (director) sold 1,388 shares at $32.20 per share price.

Hibbett Sports: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Hibbett Sports which led to swings in the share price. The shares opened for trading at $34.19 and hit $34.82 on the upside , eventually ending the session at $34.75, with a gain of 1.43% or 0.49 points. The heightened volatility saw the trading volume jump to 2,46,579 shares. The 52-week high of the share price is $48.72 and the company has a market cap of $793 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 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 is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 6, 2016.Hibbett Sports is Upgraded by Sterne Agee CRT to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 4, 2016.Hibbett Sports is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 15, 2016.Hibbett Sports is Reiterated by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 36 from a previous price target of $39 . The Rating was issued on Mar 14, 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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