Arizona State Retirement System lessened its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,830 shares of the company’s stock after selling 600 shares during the quarter. Arizona State Retirement System owned approximately 0.05% of Hibbett Sports worth $225,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in HIBB. BlackRock Inc. boosted its stake in shares of Hibbett Sports by 94,396.9% during the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock valued at $86,891,000 after purchasing an additional 2,942,351 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hibbett Sports by 25.2% during the first quarter. Dimensional Fund Advisors LP now owns 800,637 shares of the company’s stock valued at $23,619,000 after acquiring an additional 161,035 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hibbett Sports by 7.5% during the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock valued at $59,147,000 after acquiring an additional 140,569 shares in the last quarter. Boston Partners bought a new position in shares of Hibbett Sports during the first quarter valued at approximately $3,342,000. Finally, FMR LLC raised its holdings in shares of Hibbett Sports by 3.9% during the first quarter. FMR LLC now owns 2,660,436 shares of the company’s stock valued at $78,483,000 after acquiring an additional 100,929 shares in the last quarter.
HIBB has been the subject of a number of research reports. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Feltl & Co. upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, July 24th. BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Forward View cut Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports has an average rating of “Hold” and a consensus price target of $21.89.
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In other news, CEO Jeffry O. Rosenthal acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the acquisition, the chief executive officer now directly owns 82,703 shares in the company, valued at approximately $988,300.85. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Newsome acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $12.13 per share, with a total value of $121,300.00. Following the completion of the acquisition, the director now owns 44,924 shares in the company, valued at $544,928.12. The disclosure for this purchase can be found here. Insiders acquired a total of 25,500 shares of company stock valued at $312,595 over the last quarter. 1.60% of the stock is currently owned by insiders.
Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 13.40 on Wednesday. The firm has a market cap of $278.47 million, a PE ratio of 6.55 and a beta of 0.76. The firm’s 50 day moving average price is $13.16 and its 200-day moving average price is $22.11. Hibbett Sports, Inc. has a one year low of $9.40 and a one year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $190.31 million. During the same quarter in the prior year, the company earned $0.29 EPS. Hibbett Sports’s revenue was down 9.1% on a year-over-year basis. Equities analysts predict that Hibbett Sports, Inc. will post $1.30 EPS for the current fiscal year.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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