Hibbett Sports, Inc. (HIBB) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. decreased its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 30.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,500 shares of the company’s stock after selling 15,200 shares during the quarter. TD Asset Management Inc. owned 0.17% of Hibbett Sports worth $506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of HIBB. Renaissance Technologies LLC purchased a new position in shares of Hibbett Sports during the second quarter valued at $15,077,000. Dimensional Fund Advisors LP boosted its position in Hibbett Sports by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock valued at $27,226,000 after purchasing an additional 511,443 shares during the last quarter. Koch Industries Inc. acquired a new stake in Hibbett Sports during the second quarter valued at $313,000. Nordea Investment Management AB boosted its position in Hibbett Sports by 74.6% during the second quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock valued at $13,521,000 after purchasing an additional 278,395 shares during the last quarter. Finally, Dean Capital Management acquired a new stake in Hibbett Sports during the second quarter valued at $3,133,000.
Shares of Hibbett Sports, Inc. (HIBB) opened at $20.55 on Friday. Hibbett Sports, Inc. has a 12-month low of $9.40 and a 12-month high of $41.00. The firm has a market capitalization of $392.27, a PE ratio of 11.91, a price-to-earnings-growth ratio of 6.38 and a beta of 0.96.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The business had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. equities research analysts predict that Hibbett Sports, Inc. will post 1.5 earnings per share for the current fiscal year.
A number of analysts recently issued reports on HIBB shares. ValuEngine raised Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Susquehanna Bancshares reissued a “buy” rating and set a $21.00 price objective on shares of Hibbett Sports in a research report on Monday, November 20th. 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 report on Wednesday, November 22nd. TheStreet raised Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks reissued a “hold” rating and set a $13.00 price objective on shares of Hibbett Sports in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.12.
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Hibbett Sports Company 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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