DUPONT CAPITAL MANAGEMENT Corp raised its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 78.9% during the first quarter, Holdings Channel reports. The fund owned 32,339 shares of the company’s stock after buying an additional 14,259 shares during the period. DUPONT CAPITAL MANAGEMENT Corp owned about 0.15% of Hibbett Sports worth $954,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of HIBB. 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 during the last quarter. Comerica Bank boosted its stake in shares of 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. Nordea Investment Management AB purchased a new stake in shares of Hibbett Sports during the third quarter worth approximately $13,132,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Hibbett Sports by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,700 shares of the company’s stock worth $267,000 after buying an additional 60 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Hibbett Sports by 17.7% in the third quarter. UBS Asset Management Americas Inc. now owns 11,299 shares of the company’s stock worth $451,000 after buying an additional 1,700 shares in the last quarter.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 24.65 on Friday. The company has a 50-day moving average price of $27.62 and a 200 day moving average price of $33.76. The firm has a market capitalization of $526.06 million, a PE ratio of 9.06 and a beta of 0.84. Hibbett Sports, Inc. has a 12-month low of $24.65 and a 12-month high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, March 10th. The company reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The business had revenue of $246.90 million during the quarter, compared to analysts’ expectations of $254.45 million. During the same period last year, the company posted $0.76 EPS. The company’s revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Hibbett Sports, Inc. will post $2.47 earnings per share for the current year.
A number of analysts have commented on the company. B. Riley reaffirmed a “neutral” rating and set a $29.00 price target on shares of Hibbett Sports in a research report on Tuesday, May 2nd. Canaccord Genuity set a $32.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research report on Sunday, March 12th. MKM Partners reaffirmed a “neutral” rating and set a $27.00 price target (down previously from $29.00) on shares of Hibbett Sports in a research report on Monday, May 1st. Zacks Investment Research cut Hibbett Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, May 1st. Finally, Vetr cut Hibbett Sports from a “strong-buy” rating to a “buy” rating and set a $32.50 price target for the company. in a research report on Monday, March 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Hibbett Sports has a consensus rating of “Hold” and a consensus price target of $34.47.
In other news, SVP Jared S. Briskin sold 3,040 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $28.47, for a total transaction of $86,548.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.
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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