Invictus RG purchased a new position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) during the first quarter, Holdings Channel reports. The firm purchased 7,739 shares of the company’s stock, valued at approximately $228,000.
Other large investors also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC raised its stake in Hibbett Sports by 10.3% in the first quarter. Champlain Investment Partners LLC now owns 773,590 shares of the company’s stock worth $22,821,000 after buying an additional 72,530 shares during the period. KCG Holdings Inc. bought a new stake in Hibbett Sports during the first quarter worth approximately $376,000. BlackRock Inc. raised its stake in Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock worth $86,891,000 after buying an additional 2,942,351 shares during the period. Morgan Stanley raised its stake in Hibbett Sports by 28.7% in the first quarter. Morgan Stanley now owns 123,828 shares of the company’s stock worth $3,652,000 after buying an additional 27,582 shares during the period. Finally, UBS Group AG raised its stake in Hibbett Sports by 135.8% in the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after buying an additional 3,674 shares during the period.
Hibbett Sports, Inc. (NASDAQ HIBB) traded down 6.35% on Wednesday, reaching $20.65. The company had a trading volume of 326,869 shares. The firm has a market capitalization of $428.82 million, a price-to-earnings ratio of 8.46 and a beta of 0.77. Hibbett Sports, Inc. has a one year low of $20.55 and a one year high of $45.85. The company’s 50 day moving average is $23.66 and its 200-day moving average is $30.07.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. On average, equities research analysts expect that Hibbett Sports, Inc. will post $2.43 earnings per share for the current fiscal year.
A number of research firms have commented on HIBB. ValuEngine lowered Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Forward View raised Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. B. Riley reissued a “neutral” rating and issued a $25.00 price objective on shares of Hibbett Sports in a research note on Monday, May 22nd. Feltl & Co. raised Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Monday, May 22nd. Finally, MKM Partners reissued a “neutral” rating and issued a $24.00 price objective (down from $27.00) on shares of Hibbett Sports in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.40.
About Hibbett Sports
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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