Hibbett Sports, Inc. (HIBB) Holdings Raised by Boston Partners
Boston Partners boosted its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 71.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,390 shares of the company’s stock after acquiring an additional 148,430 shares during the quarter. Boston Partners owned about 1.74% of Hibbett Sports worth $5,078,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of HIBB. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 291 shares during the last quarter. California Public Employees Retirement System increased its stake in Hibbett Sports by 3.3% during the first quarter. California Public Employees Retirement System now owns 90,500 shares of the company’s stock worth $2,670,000 after acquiring an additional 2,900 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Hibbett Sports by 1.8% during the first quarter. Thrivent Financial For Lutherans now owns 12,350 shares of the company’s stock worth $364,000 after acquiring an additional 220 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock valued at $59,147,000 after buying an additional 140,569 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hibbett Sports by 17.6% in the first quarter. Geode Capital Management LLC now owns 200,995 shares of the company’s stock valued at $5,928,000 after buying an additional 30,016 shares in the last quarter.
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In other Hibbett Sports news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $11.95 per share, with a total value of $29,875.00. Following the acquisition, the chief executive officer now directly owns 82,703 shares of the company’s stock, valued at $988,300.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph T. Parks purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $12.59 per share, with a total value of $125,900.00. Following the completion of the acquisition, the director now directly owns 22,802 shares in the company, valued at $287,077.18. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,500 shares of company stock valued at $312,595 over the last ninety days. 1.60% of the stock is owned by company insiders.
Shares of Hibbett Sports, Inc. (HIBB) opened at $17.10 on Friday. The stock has a market capitalization of $281.39, a PE ratio of 6.78, a price-to-earnings-growth ratio of 4.90 and a beta of 0.72. Hibbett Sports, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $43.40.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. The company had revenue of $237.80 million during the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. Hibbett Sports’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. analysts predict that Hibbett Sports, Inc. will post 1.3 EPS for the current year.
HIBB has been the subject of a number of research reports. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, July 24th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $24.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective (down from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Canaccord Genuity dropped their price objective on Hibbett Sports from $22.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday, July 25th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $25.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Hibbett Sports presently has an average rating of “Hold” and an average target price of $21.78.
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.
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