Canada Pension Plan Investment Board bought a new stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,000 shares of the company’s stock, valued at approximately $442,000. Canada Pension Plan Investment Board owned about 0.15% of Hibbett Sports as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HIBB. JPMorgan Chase & Co. lifted its position in Hibbett Sports by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after acquiring an additional 291 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Hibbett Sports by 52.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after acquiring an additional 2,650 shares during the last quarter. UBS Group AG lifted its position in Hibbett Sports by 135.8% during the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after acquiring an additional 3,674 shares during the last quarter. Voya Investment Management LLC lifted its position in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after acquiring an additional 170 shares during the last quarter.

Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at $18.60 on Wednesday. The firm has a market cap of $399.50, a price-to-earnings ratio of 11.24, a PEG ratio of 6.69 and a beta of 0.72. Hibbett Sports, Inc. has a 52 week low of $9.40 and a 52 week high of $43.40.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. research analysts expect that Hibbett Sports, Inc. will post 1.35 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on HIBB shares. Robert W. Baird reissued a “neutral” rating and set a $15.00 target price (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Forward View cut shares of Hibbett Sports to a “sell” rating and set a $10.00 target price for the company. in a research report on Monday, August 28th. UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Credit Suisse Group reissued an “underperform” rating and set a $14.00 target price (down previously from $24.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Finally, Canaccord Genuity decreased their target price on shares of Hibbett Sports from $22.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Hibbett Sports currently has an average rating of “Hold” and an average target price of $22.89.

TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/canada-pension-plan-investment-board-buys-shares-of-31000-hibbett-sports-inc-hibb/1719220.html.

In other news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were purchased at an average cost of $11.95 per share, with a total value of $29,875.00. Following the completion of the acquisition, the chief executive officer now owns 82,703 shares of the company’s stock, valued at approximately $988,300.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph T. Parks purchased 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the completion of the acquisition, the director now directly owns 22,802 shares of the company’s stock, valued at approximately $287,077.18. The disclosure for this purchase can be found here. Insiders have purchased 25,500 shares of company stock worth $312,595 over the last three months. 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.

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

Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.