OppenheimerFunds Inc. Increases Position in Hibbett Sports, Inc. (HIBB)
OppenheimerFunds Inc. increased its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 62.7% during the first quarter, Holdings Channel reports. The institutional investor owned 24,611 shares of the company’s stock after buying an additional 9,480 shares during the period. OppenheimerFunds Inc.’s holdings in Hibbett Sports were worth $727,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Hibbett Sports by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,130 shares of the company’s stock worth $452,000 after buying an additional 780 shares in the last quarter. Comerica Bank boosted its stake in Hibbett Sports by 4.9% in the fourth quarter. Comerica Bank now owns 24,096 shares of the company’s stock worth $819,000 after buying an additional 1,122 shares in the last quarter. Boston Partners bought a new stake in Hibbett Sports during the first quarter worth approximately $3,342,000. Quantitative Investment Management LLC boosted its stake in Hibbett Sports by 1.8% in the first quarter. Quantitative Investment Management LLC now owns 45,400 shares of the company’s stock worth $1,339,000 after buying an additional 800 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Hibbett Sports by 11.5% in the fourth quarter. New York State Teachers Retirement System now owns 66,117 shares of the company’s stock worth $2,466,000 after buying an additional 6,800 shares in the last quarter.
Hibbett Sports, Inc. (HIBB) opened at 19.50 on Tuesday. The firm has a market capitalization of $404.94 million, a price-to-earnings ratio of 7.99 and a beta of 0.77. Hibbett Sports, Inc. has a 52-week low of $19.20 and a 52-week high of $45.85. The company’s 50-day moving average price is $22.68 and its 200 day moving average price is $29.14.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The company 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 firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 EPS. Equities research analysts predict that Hibbett Sports, Inc. will post $2.42 earnings per share for the current year.
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A number of analysts have issued reports on the company. Vetr raised Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.50 price target on the stock in a research note on Tuesday, March 21st. Canaccord Genuity reissued a “hold” rating and issued a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. ValuEngine lowered Hibbett Sports from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $33.00 price target (up from $32.00) on shares of Hibbett Sports in a research note on Tuesday, March 14th. Finally, Zacks Investment Research lowered Hibbett Sports from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.40.
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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