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Hibbett Sports Inc. (HIBB) CEO and President Jeffry O Rosenthal sells 30,375 Shares

December 20, 2010 | About:
insider

insider

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CEO and President of Hibbett Sports Inc. (HIBB) Jeffry O Rosenthal sells 30,375 shares of HIBB on 12/17/2010 at an average price of $38 a share.

Hibbett Sports Inc. has a market cap of $1.13 billion; its shares were traded at around $39.68 with a P/E ratio of 25.27 and P/S ratio of 1.9. Hibbett Sports Inc. had an annual average earning growth of 16.1% over the past 10 years. GuruFocus rated Hibbett Sports Inc. the business predictability rank of 4.5-star.

HIBB is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Pioneer Investments, Jeremy Grantham of GMO LLC.

CFO Recent Trades:


  • Sell: CFO & VP Gary Allen Smith sold 33,750 shares of HIBB stock on 12/09/2010 at the average price of 37. Gary Allen Smith owns at least 16,290 shares after this. The price of the stock has increased by 7.24% since.

  • Sell: CFO & Senior VP Gary Allen Smith sold 101,250 shares of HIBB stock on 11/19/2010 at the average price of 30.5. The price of the stock has increased by 30.1% since.



This is the insider trade history vs. stock price of HIBB. For the complete insider trading history of HIBB, click here.




Directors and Officers Recent Trades:


  • Sell: Executive Chairman Michael J Newsome sold 11,523 shares of HIBB stock on 12/09/2010 at the average price of 36.94. Michael J Newsome owns at least 36,765 shares after this. The price of the stock has increased by 7.42% since.

  • Sell: Senior VP of Operations Cathy E Pryor sold 17,320 shares of HIBB stock on 12/02/2010 at the average price of 35. The price of the stock has increased by 13.37% since.

  • Sell: Executive Chairman Michael J Newsome sold 51,382 shares of HIBB stock on 12/02/2010 at the average price of 34.77. The price of the stock has increased by 14.12% since.

  • Sell: VP of HR and LP Michael Scott Myers sold 15,841 shares of HIBB stock on 11/24/2010 at the average price of 33.5. The price of the stock has increased by 18.45% since.

  • Sell: Executive Chairman Michael J Newsome sold 24,900 shares of HIBB stock on 11/19/2010 at the average price of 29.6. Michael J Newsome owns at least 44,023 shares after this. The price of the stock has increased by 34.05% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.8/5 (4 votes)

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