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MarketWatch MarketPulseMay 26, 2020
Hibbett Sports beats consensus estimates amid spike in e-commerce sales during pandemic
Hibbett Sports Inc. posted stronger-than-expected adjusted profit and sales for the first quarter as a steep rise in e-commerce sales helped offset the effect of closed stores during the coronavirus pandemic. The Birmingham, Ala.-based sports retailer said it had a net loss $15.3 million, or 92 cents a share, in the quarter, after income of $27.9 million, or $1.50 a share, in the year-earlier period. Adjusted per-share earnings came to 31 cents, ahead of the 19 cents FactSet consensus. Sales fell 21.4% to $269.8 million from $343.3 million, but were also ahead of the $211 million FactSet consensus. E-commerce sales rose 110.5% and accounted for 22.3% of total sales. "The decline in overall sales was mainly due to the large number of stores that were closed entirely or limited to fulfill e-commerce orders and curbside pick-up which began in March," the company said in a statement. "Hibbett Sports and City Gear stores began to reopen to customer traffic toward the end of April as permitted by the Company's landlords and the communities the company serves." The company ended the quarter with $106.2 million in cash. It has $50 million of debt outstanding and $25 million available under a $75.0 million secured credit facility. The company is not providing guidance given the uncertainty created by the pandemic. Shares were not active premarket, but have fallen 30% in the year to date, while the S&P 500 has fallen 9%.

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Yahoo BusinessMay 26, 2020
Solid Insider Buying Puts These 3 Stocks in Focus
Finding a reliable stock strategy is a key to sanity in this Age of Coronavirus. The pandemic has pushed governments to impost extreme economic shutdown orders, as part of a larger society ‘stay at home' policy. The result has been a stoppage of business, a decline in earnings, and a sudden sharp turn from steady economic growth to a deep recessionary event, perhaps even a Depression. And so, for investors, a reliable stock strategy is both necessary and hard to find.One strategy is to follow the insiders. Insiders are the corporate officers and board members charged with running and overseeing public companies. Their positions give them access to information that's not always available to the general public. To keep the playing field honest, Federal regulators require that insiders publish their trades - and that information can be used by the general public for trading purposes.When the insiders make large purchases, laying down large sums for hefty blocs of shares, it can be taken as a clear sign of confidence. So following their purchases is a viable strategy for finding potentially profitable stock plays.TipRanks has the tools to help you do just that. The Insiders' Hot Stocks page shows which stocks top insiders are most active on, for both purchases and sales. You can sort insider trades by a variety of filters, including trading strategy. We've done some of the legwork for you, and pulled up three stocks with recent informative buy-side transactions. Here are the results.Microchip Technology (MCHP)We'll start in the semiconductor
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