Executive Chairman of Hibbett Sports Inc. (HIBB) Michael J Newsome sells 3,906 shares of HIBB on 07/27/2012 at an average price of $60.21 a share.

Hibbett Sports, Inc. has a market cap of $1.63 billion; its shares were traded at around $61.8 with a P/E ratio of 26.3 and P/S ratio of 2.2. Hibbett Sports, Inc. had an annual average earning growth of 16.4% over the past 10 years. GuruFocus rated Hibbett Sports, Inc. the business predictability rank of 4-star.

CFO Recent Trades:

• CFO & Senior VP Gary Allen Smith sold 27,001 shares of HIBB stock on 04/27/2012 at the average price of 59.37. Gary Allen Smith owns at least 31,352 shares after this. The price of the stock has increased by 4.09% 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:

• Executive Chairman Michael J Newsome sold 4,175 shares of HIBB stock on 06/06/2012 at the average price of 55.04. Michael J Newsome owns at least 4,381 shares after this. The price of the stock has increased by 12.28% since.
• Executive Chairman Michael J Newsome sold 800 shares of HIBB stock on 06/01/2012 at the average price of 54.83. Michael J Newsome owns at least 4,381 shares after this. The price of the stock has increased by 12.71% since.
• Director Terrance G Finley sold 4,810 shares of HIBB stock on 05/30/2012 at the average price of 56.08. The price of the stock has increased by 10.2% since.
• Senior VP of Operations Cathy E Pryor sold 9,200 shares of HIBB stock on 05/01/2012 at the average price of 60. Cathy E Pryor owns at least 446 shares after this. The price of the stock has increased by 3% since.
• Executive Chairman Michael J Newsome sold 9,293 shares of HIBB stock on 04/02/2012 at the average price of 54.52. Michael J Newsome owns at least 3,907 shares after this. The price of the stock has increased by 13.35% since.

For the complete insider trading history of HIBB, click here.

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

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