Bank of New York Mellon Corp lessened its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,094 shares of the company’s stock after selling 8,369 shares during the period. Bank of New York Mellon Corp owned about 2.95% of Hibbett Sports worth $12,803,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Hibbett Sports during the 2nd quarter worth approximately $101,000. Martingale Asset Management L P acquired a new position in shares of Hibbett Sports during the 2nd quarter worth approximately $219,000. Aperio Group LLC grew its position in shares of Hibbett Sports by 35.5% during the 2nd quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock worth $499,000 after purchasing an additional 5,717 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Hibbett Sports by 34.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 26,305 shares of the company’s stock worth $602,000 after purchasing an additional 6,718 shares in the last quarter. Finally, Laurion Capital Management LP grew its position in shares of Hibbett Sports by 136.8% during the 2nd quarter. Laurion Capital Management LP now owns 28,417 shares of the company’s stock worth $651,000 after purchasing an additional 16,417 shares in the last quarter.
Shares of Hibbett Sports stock opened at $15.52 on Friday. Hibbett Sports, Inc. has a 1-year low of $14.86 and a 1-year high of $29.60. The company has a quick ratio of 1.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.08. The company has a market cap of $288.92 million, a PE ratio of 9.52, a PEG ratio of 1.22 and a beta of 0.56.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Tuesday, November 27th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). Hibbett Sports had a return on equity of 9.45% and a net margin of 3.25%. The firm had revenue of $216.89 million for the quarter, compared to the consensus estimate of $217.56 million. During the same period last year, the company posted $0.37 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, research analysts forecast that Hibbett Sports, Inc. will post 1.58 earnings per share for the current year.
A number of research analysts have issued reports on HIBB shares. Canaccord Genuity lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating and decreased their target price for the stock from $31.00 to $21.00 in a research report on Monday, August 27th. Zacks Investment Research upgraded shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a research report on Friday, September 7th. Stephens increased their target price on shares of Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 23rd. ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, BidaskClub downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.30.
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Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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