Schroder Investment Management Group trimmed its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,829 shares of the company’s stock after selling 29,871 shares during the period. Schroder Investment Management Group owned about 1.07% of Hibbett Sports worth $3,738,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Broadview Advisors LLC raised its holdings in Hibbett Sports by 26.8% in the 3rd quarter. Broadview Advisors LLC now owns 310,501 shares of the company’s stock valued at $5,837,000 after acquiring an additional 65,700 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Hibbett Sports by 170.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 526,400 shares of the company’s stock valued at $9,896,000 after acquiring an additional 331,900 shares during the last quarter. Trexquant Investment LP acquired a new position in Hibbett Sports in the 3rd quarter valued at $330,000. FMR LLC raised its holdings in Hibbett Sports by 2.4% in the 3rd quarter. FMR LLC now owns 1,369,507 shares of the company’s stock valued at $25,746,000 after acquiring an additional 32,545 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in Hibbett Sports in the 3rd quarter valued at $274,000.
HIBB has been the subject of several analyst reports. Canaccord Genuity downgraded Hibbett Sports from a “buy” rating to a “hold” rating and cut their price target for the company from $31.00 to $21.00 in a report on Monday, August 27th. Zacks Investment Research upgraded Hibbett Sports from a “strong sell” rating to a “hold” rating in a report on Friday, September 7th. Stephens boosted their price objective on shares of Hibbett Sports from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, August 23rd. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, BidaskClub cut shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Hibbett Sports has an average rating of “Hold” and an average target price of $21.30.
Shares of NASDAQ HIBB opened at $15.52 on Friday. Hibbett Sports, Inc. has a 52-week low of $14.86 and a 52-week high of $29.60. The firm has a market cap of $291.70 million, a PE ratio of 9.59, a P/E/G ratio of 1.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.06 and a quick ratio of 1.10.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Tuesday, November 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Hibbett Sports had a net margin of 3.25% and a return on equity of 9.45%. The company had revenue of $216.89 million for the quarter, compared to analysts’ expectations of $217.56 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Hibbett Sports, Inc. will post 1.58 EPS for the current fiscal year.
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Hibbett Sports 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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