Geode Capital Management LLC increased its position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 17.6% during the first quarter, Holdings Channel reports. The institutional investor owned 200,995 shares of the company’s stock after buying an additional 30,016 shares during the period. Geode Capital Management LLC’s holdings in Hibbett Sports were worth $5,928,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock worth $123,000 after buying an additional 291 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after buying an additional 245 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after buying an additional 4,300 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Hibbett Sports during the first quarter worth about $260,000. Finally, Karp Capital Management Corp bought a new position in shares of Hibbett Sports during the first quarter worth about $348,000.

Hibbett Sports, Inc. (NASDAQ HIBB) opened at 13.85 on Thursday. Hibbett Sports, Inc. has a one year low of $12.90 and a one year high of $45.85. The firm has a market capitalization of $287.61 million, a PE ratio of 5.68 and a beta of 0.71. The firm has a 50 day moving average of $18.25 and a 200 day moving average of $25.32.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS. Equities analysts forecast that Hibbett Sports, Inc. will post $1.76 EPS for the current year.

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A number of brokerages recently issued reports on HIBB. Forward View lowered shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, July 24th. MKM Partners reiterated a “neutral” rating and issued a $24.00 target price (down previously from $27.00) on shares of Hibbett Sports in a research report on Monday, May 22nd. B. Riley restated a “neutral” rating and set a $29.00 price objective on shares of Hibbett Sports in a research report on Wednesday, April 26th. Finally, Sidoti upgraded shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.61.

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

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