Hibbett, Inc.'s (NASDAQ: HIBB) differentiated approach to athletic retail and growth potential are turning Telsey Advisory Group bullish on the retail stock.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade ahead of the release of jobless claims data. The Dow Jones closed higher by more than 100 points on Wednesday following the release of minutes from the FOMC meeting.
Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.
A couple of special purpose acquisition companies and some initial public offerings prompted notable insider buying this past week.
Looking at Q1, Hibbett Sports (NASDAQ:HIBB) earned $110.15 million, a 255.3% increase from the preceding quarter. Hibbett Sports also posted a total of $506.86 million in sales, a 34.51% increase since Q4. In Q4, Hibbett Sports earned $31.00 million, and total sales reached $376.83 million.