California Public Employees Retirement System raised its position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 3.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 90,500 shares of the company’s stock after buying an additional 2,900 shares during the period. California Public Employees Retirement System owned approximately 0.42% of Hibbett Sports worth $2,670,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of 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 period. 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 during the period. Boston Partners acquired a new stake in shares of Hibbett Sports during the first quarter worth approximately $3,342,000. Quantitative Investment Management LLC boosted its stake in shares of 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 during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Hibbett Sports during the first quarter worth approximately $348,000.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) traded down 5.22% during mid-day trading on Friday, hitting $10.90. 4,344,792 shares of the stock traded hands. The stock has a 50 day moving average price of $16.64 and a 200-day moving average price of $24.32. Hibbett Sports, Inc. has a one year low of $9.40 and a one year high of $45.85. The company has a market cap of $226.35 million, a P/E ratio of 4.47 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business had revenue of $188 million during the quarter, compared to analysts’ expectations of $190.31 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts forecast that Hibbett Sports, Inc. will post $1.76 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on HIBB shares. Canaccord Genuity reissued a “hold” rating and issued a $29.00 price objective on shares of Hibbett Sports in a report on Wednesday, April 26th. ValuEngine lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $13.00 price objective on shares of Hibbett Sports in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a report on Monday, May 1st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Hibbett Sports currently has an average rating of “Hold” and an average target price of $26.17.
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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