Hibbett Sports Sees Unusually High Options Volume (HIBB)
Hibbett Sports, Inc. (NASDAQ:HIBB) was the target of some unusual options trading on Friday. Stock traders acquired 617 put options on the company. This represents an increase of approximately 928% compared to the average daily volume of 60 put options.
Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Hibbett Sports by 304.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 119,986 shares of the company’s stock worth $2,490,000 after purchasing an additional 90,315 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Hibbett Sports by 31.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 153,245 shares of the company’s stock worth $3,180,000 after purchasing an additional 36,793 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Hibbett Sports during the 2nd quarter worth approximately $805,000. First Quadrant L P CA boosted its holdings in shares of Hibbett Sports by 195.3% during the 3rd quarter. First Quadrant L P CA now owns 99,372 shares of the company’s stock worth $1,416,000 after purchasing an additional 65,725 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Hibbett Sports during the 2nd quarter worth approximately $280,000.
Several brokerages recently weighed in on HIBB. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price target (down previously from $17.00) on shares of Hibbett Sports in a research note on Sunday, August 20th. Susquehanna Bancshares restated a “buy” rating and issued a $21.00 price target on shares of Hibbett Sports in a research note on Monday, November 20th. Canaccord Genuity set a $17.00 price target on Hibbett Sports and gave the company a “hold” rating in a research note on Monday, November 20th. BMO Capital Markets set a $10.00 price target on Hibbett Sports and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, SunTrust Banks restated a “hold” rating and issued a $13.00 price target on shares of Hibbett Sports in a research note on Tuesday, October 17th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.56.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share (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 for the quarter, compared to analysts’ expectations of $219.38 million. During the same period in the previous year, the firm posted $0.66 EPS. Hibbett Sports’s revenue was up .3% compared to the same quarter last year. research analysts expect that Hibbett Sports will post 1.5 EPS for the current year.
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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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