Capital Fund Management S.A. Takes Position in Hibbett Sports, Inc. (HIBB)

Capital Fund Management S.A. acquired a new position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,400 shares of the company’s stock, valued at approximately $486,000. Capital Fund Management S.A. owned about 0.11% of Hibbett Sports at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Hibbett Sports by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after buying an additional 291 shares during the last quarter. Mason Street Advisors LLC raised its holdings in Hibbett Sports by 5.0% during the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after buying an additional 245 shares during the last quarter. Schroder Investment Management Group raised its holdings in Hibbett Sports by 215.0% during the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after buying an additional 4,300 shares during the last quarter. UBS Group AG raised its holdings in Hibbett Sports by 135.8% during 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 last quarter. Finally, Invictus RG acquired a new position in Hibbett Sports during the first quarter worth $228,000.

HIBB has been the subject of several recent analyst reports. B. Riley reiterated a “neutral” rating and issued a $25.00 target price on shares of Hibbett Sports in a research note on Monday, May 22nd. Forward View upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. TheStreet lowered shares of Hibbett Sports from a “c-” rating to a “d+” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price (down previously from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.89.

Hibbett Sports, Inc. (HIBB) opened at 13.85 on Monday. The company has a market cap of $284.47 million, a price-to-earnings ratio of 6.77 and a beta of 0.76. Hibbett Sports, Inc. has a 52-week low of $9.40 and a 52-week high of $45.85. The company’s 50-day moving average is $13.07 and its 200 day moving average is $21.76.

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 Zacks’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Hibbett Sports’s revenue was down 9.1% on a year-over-year basis. Equities analysts forecast that Hibbett Sports, Inc. will post $1.30 earnings per share for the current fiscal year.

In other Hibbett Sports news, insider Scott Justin Bowman bought 3,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $11.84 per share, with a total value of $35,520.00. Following the transaction, the insider now owns 7,883 shares in the company, valued at $93,334.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Newsome bought 10,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of $12.13 per share, with a total value of $121,300.00. Following the transaction, the director now owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. In the last three months, insiders acquired 25,500 shares of company stock valued at $312,595. 1.60% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Hibbett Sports (NASDAQ:HIBB)

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