Hotchkis & Wiley Capital Management LLC Acquires Shares of 10,018 Hibbett Sports, Inc. (HIBB)
Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,018 shares of the company’s stock, valued at approximately $143,000.
Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised 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 valued at $123,000 after buying an additional 291 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake 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 buying an additional 2,650 shares during the last quarter. UBS Group AG raised its stake 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 buying an additional 3,674 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Hibbett Sports during the third quarter valued at $204,000. Finally, Voya Investment Management LLC raised its stake 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 buying an additional 1,278 shares during the last quarter.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at $18.75 on Friday. Hibbett Sports, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $43.40. The company has a market capitalization of $409.77, a price-to-earnings ratio of 11.53, a P/E/G ratio of 6.17 and a beta of 0.93.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company had revenue of $237.80 million during the quarter, compared to analyst estimates of $219.38 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Hibbett Sports’s revenue was up .3% compared to the same quarter last year. equities analysts predict that Hibbett Sports, Inc. will post 1.5 earnings per share for the current fiscal year.
A number of research analysts have issued reports on HIBB shares. SunTrust Banks reiterated a “hold” rating and set a $13.00 price objective on shares of Hibbett Sports in a research note on Tuesday, October 17th. Forward View cut Hibbett Sports to a “sell” rating and set a $10.00 price objective for the company. in a research note on Monday, August 28th. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. UBS upgraded Hibbett Sports from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 20th. Finally, Susquehanna Bancshares upgraded Hibbett Sports from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $11.00 to $17.00 in a research note on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.56.
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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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