Hibbett Sports (HIBB) Shares are Up 8.07%

Hibbett Sports (HIBB) : Traders are bullish on Hibbett Sports (HIBB) as it has outperformed the S&P 500 by a wide margin of 7.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.07% in the last 1 week, and is up 8.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 8.02% and the 50-Day Moving Average is 9.49%. Hibbett Sports (NASDAQ:HIBB): stock turned positive on Friday. Though the stock opened at $37.34, the bulls momentum made the stock top out at $38.49 level for the day. The stock recorded a low of $36.9507 and closed the trading day at $38.44, in the green by 5.00%. The total traded volume for the day was 732,074. The stock had closed at $36.61 in the previous days trading.


The company Insiders own 2.5% of Hibbett Sports shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.42% . During last six month period, the net percent change held by insiders has seen a change of -33.42%. Also, Susquehanna initiates coverage on Hibbett Sports (NASDAQ:HIBB) In a research note issued to the investors, the brokerage major announces price-target of $45 per share.The shares have been rated Positive. The rating by the firm was issued on August 12, 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 Companys primary retail format is Hibbett Sports, an approximately 5,000-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 Companys 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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