BlackRock Advisors LLC increased its position in shares of Hibbett Sports Inc. (NASDAQ:HIBB) by 50.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,309 shares of the company’s stock after buying an additional 53,594 shares during the period. BlackRock Advisors LLC owned approximately 0.71% of Hibbett Sports worth $5,542,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of HIBB. Aperio Group LLC raised its position in shares of Hibbett Sports by 32.2% in the first quarter. Aperio Group LLC now owns 10,003 shares of the company’s stock worth $359,000 after buying an additional 2,435 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Hibbett Sports by 106.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 13,800 shares of the company’s stock worth $495,000 after buying an additional 7,100 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock worth $1,969,000 after buying an additional 1,500 shares in the last quarter. BlackRock Group LTD raised its position in shares of Hibbett Sports by 2.6% in the first quarter. BlackRock Group LTD now owns 32,881 shares of the company’s stock worth $1,180,000 after buying an additional 820 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Hibbett Sports by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,438,584 shares of the company’s stock worth $51,645,000 after buying an additional 5,449 shares in the last quarter.
Hibbett Sports Inc. (NASDAQ:HIBB) opened at 40.16 on Friday. Hibbett Sports Inc. has a 12 month low of $27.58 and a 12 month high of $41.97. The company has a market cap of $883.00 million, a P/E ratio of 13.10 and a beta of 1.06. The firm has a 50-day moving average price of $39.95 and a 200 day moving average price of $36.46.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The company had revenue of $206.90 million for the quarter. During the same period in the previous year, the company posted $0.28 EPS. Hibbett Sports’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Hibbett Sports Inc. will post $3.00 earnings per share for the current year.
A number of analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Hibbett Sports in a report on Friday, June 24th. They issued a “hold” rating on the stock. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, July 25th. B. Riley reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Hibbett Sports in a report on Friday, August 12th. Susquehanna assumed coverage on Hibbett Sports in a report on Friday, August 12th. They issued a “positive” rating and a $45.00 target price on the stock. Finally, Forward View reaffirmed a “hold” rating and issued a $35.00 target price on shares of Hibbett Sports in a report on Sunday, August 14th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.18.
In other news, VP Cathy E. Pryor sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the vice president now owns 17,108 shares of the company’s stock, valued at $684,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert C. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $38.81, for a total value of $38,810.00. Following the completion of the transaction, the director now directly owns 4,837 shares in the company, valued at approximately $187,723.97. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
About Hibbett Sports
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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