Thrivent Financial For Lutherans Has $364,000 Stake in Hibbett Sports, Inc. (NASDAQ:HIBB)

Thrivent Financial For Lutherans boosted its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,350 shares of the company’s stock after buying an additional 220 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of Hibbett Sports worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HIBB. Norges Bank acquired a new stake in shares of Hibbett Sports during the fourth quarter worth $7,390,000. Boston Partners purchased a new stake in Hibbett Sports during the first quarter worth approximately $3,342,000. FMR LLC raised its position in shares of Hibbett Sports by 3.9% in the first quarter. FMR LLC now owns 2,660,436 shares of the company’s stock valued at $78,483,000 after buying an additional 100,929 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of Hibbett Sports by 57.9% in the first quarter. Segall Bryant & Hamill LLC now owns 263,833 shares of the company’s stock valued at $7,783,000 after buying an additional 96,739 shares during the period. Finally, Legato Capital Management LLC raised its position in shares of Hibbett Sports by 2,850.0% in the first quarter. Legato Capital Management LLC now owns 58,882 shares of the company’s stock valued at $1,996,000 after buying an additional 56,886 shares during the period.

Hibbett Sports, Inc. (NASDAQ:HIBB) traded down 5.22% during mid-day trading on Friday, hitting $10.90. The company had a trading volume of 4,344,792 shares. Hibbett Sports, Inc. has a 52-week low of $9.40 and a 52-week high of $45.85. The company has a 50-day moving average price of $16.64 and a 200 day moving average price of $24.32. The company has a market capitalization 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 for the quarter, topping the 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 for the quarter, compared to analyst estimates of $190.31 million. During the same quarter last year, the company earned $0.29 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that Hibbett Sports, Inc. will post $1.76 EPS for the current fiscal year.

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A number of analysts have recently weighed in on HIBB shares. BMO Capital Markets set a $10.00 target price on shares of Hibbett Sports and gave the stock a “hold” rating in a research report on Friday. Robert W. Baird set a $10.00 target price on shares of Hibbett Sports and gave the stock a “hold” rating in a research report on Friday. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Forward View downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Hibbett Sports presently has a consensus 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.

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

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