Royce & Associates LP acquired a new position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) during the fourth quarter, Holdings Channel reports. The fund acquired 703,198 shares of the company’s stock, valued at approximately $26,229,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Hibbett Sports during the third quarter worth about $100,000. Advisory Services Network LLC boosted its position in shares of Hibbett Sports by 14.5% in the third quarter. Advisory Services Network LLC now owns 2,682 shares of the company’s stock worth $107,000 after buying an additional 340 shares in the last quarter. Huntington National Bank boosted its position in shares of Hibbett Sports by 17.5% in the third quarter. Huntington National Bank now owns 3,285 shares of the company’s stock worth $131,000 after buying an additional 490 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock worth $116,000 after buying an additional 403 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Hibbett Sports by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,700 shares of the company’s stock worth $267,000 after buying an additional 60 shares in the last quarter.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) traded up 1.54% during mid-day trading on Friday, reaching $29.70. 170,239 shares of the company’s stock traded hands. The stock has a market cap of $652.27 million, a price-to-earnings ratio of 10.13 and a beta of 0.84. Hibbett Sports, Inc. has a 12-month low of $28.55 and a 12-month high of $45.85. The firm’s 50 day moving average price is $33.59 and its 200-day moving average price is $38.21.
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Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, November 18th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Hibbett Sports had a return on equity of 20.53% and a net margin of 6.84%. The company earned $237 million during the quarter. During the same period in the previous year, the business earned $0.79 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Hibbett Sports, Inc. will post $2.74 earnings per share for the current year.
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A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating and set a $34.00 price objective on shares of Hibbett Sports in a report on Tuesday. Deutsche Bank AG reiterated a “hold” rating and set a $36.00 price objective on shares of Hibbett Sports in a report on Thursday. Canaccord Genuity set a $34.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a report on Tuesday. Forward View cut shares of Hibbett Sports to a “hold” rating and set a $34.00 price objective for the company. in a report on Sunday, January 15th. Finally, Stifel Nicolaus reduced their price objective on shares of Hibbett Sports from $38.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. Hibbett Sports currently has a consensus rating of “Hold” and a consensus price target of $35.94.
In other Hibbett Sports news, Director Alton E. Yother sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $41.49, for a total value of $207,450.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $207,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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