Nationwide Fund Advisors lifted its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,497 shares of the company’s stock after acquiring an additional 1,752 shares during the quarter. Nationwide Fund Advisors owned 0.61% of Hibbett Sports worth $2,646,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of Hibbett Sports by 31.6% during the second quarter. Ameriprise Financial Inc. now owns 153,245 shares of the company’s stock valued at $3,180,000 after acquiring an additional 36,793 shares during the last quarter. Oak Ridge Investments LLC increased its position in shares of Hibbett Sports by 2.5% during the second quarter. Oak Ridge Investments LLC now owns 731,815 shares of the company’s stock valued at $15,185,000 after acquiring an additional 17,899 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Hibbett Sports during the second quarter valued at approximately $486,000. Systematic Financial Management LP increased its position in shares of Hibbett Sports by 34.2% during the second quarter. Systematic Financial Management LP now owns 67,300 shares of the company’s stock valued at $1,396,000 after acquiring an additional 17,160 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Hibbett Sports by 200.0% during the second quarter. Schroder Investment Management Group now owns 18,900 shares of the company’s stock valued at $388,000 after acquiring an additional 12,600 shares during the last quarter.
Shares of Hibbett Sports, Inc. (HIBB) opened at 13.10 on Friday. Hibbett Sports, Inc. has a 1-year low of $9.40 and a 1-year high of $45.85. The company’s 50-day moving average price is $13.28 and its 200 day moving average price is $19.68. The company has a market cap of $269.06 million, a price-to-earnings ratio of 6.41 and a beta of 0.78.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. The company had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. Hibbett Sports’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, analysts predict that Hibbett Sports, Inc. will post $1.30 earnings per share for the current fiscal year.
A number of analysts recently commented on the company. Buckingham Research assumed coverage on Hibbett Sports in a research report on Monday, July 17th. They set a “neutral” rating and a $19.00 price target for the company. Sidoti raised Hibbett Sports from a “neutral” rating to a “buy” rating in a research report on Friday, July 14th. BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Hibbett Sports in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.22.
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In other news, insider Scott Justin Bowman bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average price of $11.84 per share, with a total value of $35,520.00. Following the acquisition, the insider now owns 7,883 shares of the company’s stock, valued at approximately $93,334.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average cost of $11.95 per share, with a total value 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 disclosure for this purchase can be found here. Insiders purchased a total of 25,500 shares of company stock valued at $312,595 in the last ninety days. 1.60% of the stock is currently owned by insiders.
Hibbett Sports 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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