Wedge Capital Management L L P NC increased its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 32.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,465 shares of the company’s stock after buying an additional 9,283 shares during the period. Wedge Capital Management L L P NC’s holdings in Hibbett Sports were worth $704,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its holdings in Hibbett Sports by 3.8% in the second quarter. New York State Teachers Retirement System now owns 61,571 shares of the company’s stock worth $1,410,000 after buying an additional 2,261 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Hibbett Sports by 4.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 60,484 shares of the company’s stock worth $1,385,000 after buying an additional 2,554 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Hibbett Sports in the second quarter worth approximately $101,000. Northern Trust Corp increased its holdings in Hibbett Sports by 2.1% in the second quarter. Northern Trust Corp now owns 238,606 shares of the company’s stock worth $5,464,000 after buying an additional 4,995 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Hibbett Sports by 35.5% in the second quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock worth $499,000 after buying an additional 5,717 shares during the last quarter.
A number of research firms recently commented on HIBB. Stephens increased their price objective on Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and issued a $31.00 price objective on shares of Hibbett Sports in a report on Friday, August 17th. Stifel Nicolaus increased their price objective on Hibbett Sports from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, BidaskClub upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.54.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.14). The company had revenue of $211.10 million for the quarter, compared to the consensus estimate of $215.55 million. Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. On average, equities analysts forecast that Hibbett Sports, Inc. will post 1.66 EPS for the current fiscal year.
Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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