Schwab Charles Investment Management Inc. increased its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 15.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335,566 shares of the company’s stock after acquiring an additional 44,155 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.63% of Hibbett Sports worth $6,846,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Hibbett Sports by 10.4% in the 2nd quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after buying an additional 74,526 shares during the last quarter. Boston Partners boosted its holdings in Hibbett Sports by 71.4% in the 3rd quarter. Boston Partners now owns 356,390 shares of the company’s stock worth $5,078,000 after buying an additional 148,430 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Hibbett Sports by 52.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 233,329 shares of the company’s stock worth $3,325,000 after purchasing an additional 80,084 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Hibbett Sports by 81.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 217,264 shares of the company’s stock worth $3,097,000 after purchasing an additional 97,278 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Hibbett Sports by 10.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 207,993 shares of the company’s stock worth $2,964,000 after purchasing an additional 20,013 shares in the last quarter.
A number of research analysts have weighed in on HIBB shares. Forward View raised shares of Hibbett Sports to a “hold” rating and set a $18.00 target price on the stock in a research note on Saturday, November 18th. Canaccord Genuity set a $17.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Monday, November 20th. Bank of America lifted their price target on shares of Hibbett Sports from $10.00 to $12.00 and gave the company an “underperform” rating in a research report on Monday, November 20th. Susquehanna Bancshares reissued a “buy” rating and issued a $21.00 target price on shares of Hibbett Sports in a research report on Monday, November 20th. Finally, Buckingham Research lowered Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.07.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, March 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.15. The firm had revenue of $266.70 million during the quarter, compared to analysts’ expectations of $261.37 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. analysts anticipate that Hibbett Sports, Inc. will post 1.9 earnings per share for the current year.
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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