First Trust Advisors LP Has $1.89 Million Stake in Hibbett Sports, Inc. (HIBB)
First Trust Advisors LP increased its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 50.5% during the first quarter, Holdings Channel reports. The fund owned 64,151 shares of the company’s stock after buying an additional 21,535 shares during the period. First Trust Advisors LP owned 0.30% of Hibbett Sports worth $1,892,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in shares of Hibbett Sports by 1.4% in the fourth quarter. FMR LLC now owns 2,559,507 shares of the company’s stock worth $95,470,000 after buying an additional 34,400 shares during the last quarter. Royce & Associates LP bought a new position in shares of Hibbett Sports during the fourth quarter worth approximately $26,229,000. State Street Corp increased its position in shares of Hibbett Sports by 5.1% in the fourth quarter. State Street Corp now owns 652,687 shares of the company’s stock worth $24,341,000 after buying an additional 31,936 shares during the last quarter. Norges Bank bought a new position in shares of Hibbett Sports during the fourth quarter worth approximately $7,390,000. Finally, Strs Ohio increased its position in shares of Hibbett Sports by 11.1% in the first quarter. Strs Ohio now owns 100,000 shares of the company’s stock worth $2,950,000 after buying an additional 10,000 shares during the last quarter.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 22.30 on Friday. The firm has a market capitalization of $463.08 million, a PE ratio of 9.14 and a beta of 0.77. Hibbett Sports, Inc. has a 52 week low of $21.85 and a 52 week high of $45.85. The stock has a 50 day moving average price of $23.87 and a 200-day moving average price of $30.49.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Thursday, May 18th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $275.70 million during the quarter, compared to the consensus estimate 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 for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Equities analysts anticipate that Hibbett Sports, Inc. will post $2.43 earnings per share for the current year.
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HIBB has been the topic of a number of analyst reports. Forward View upgraded Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Zacks Investment Research downgraded Hibbett Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, May 1st. Vetr upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.50 price objective on the stock in a research report on Tuesday, March 21st. B. Riley reiterated a “neutral” rating and set a $34.00 price objective on shares of Hibbett Sports in a research report on Monday, March 6th. Finally, Canaccord Genuity set a $25.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, May 19th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.40.
In other news, SVP Jared S. Briskin sold 3,040 shares of the company’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $28.47, for a total transaction of $86,548.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
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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