State of Tennessee Treasury Department held its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) during the third quarter, Holdings Channel reports. The firm owned 18,189 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned approximately 0.08% of Hibbett Sports worth $726,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HIBB. Advisory Services Network LLC increased its stake in shares of Hibbett Sports by 14.5% in the third quarter. Advisory Services Network LLC now owns 2,682 shares of the company’s stock valued at $107,000 after buying an additional 340 shares in the last quarter. BlackRock Inc. increased its stake in shares of Hibbett Sports by 72.8% in the second quarter. BlackRock Inc. now owns 2,980 shares of the company’s stock valued at $104,000 after buying an additional 1,255 shares in the last quarter. Huntington National Bank increased its stake in shares of Hibbett Sports by 17.5% in the third quarter. Huntington National Bank now owns 3,285 shares of the company’s stock valued at $131,000 after buying an additional 490 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hibbett Sports by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,328 shares of the company’s stock valued at $116,000 after buying an additional 403 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in shares of Hibbett Sports during the second quarter valued at $152,000.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) traded down 1.65% during mid-day trading on Friday, hitting $32.75. The stock had a trading volume of 192,587 shares. The stock has a 50 day moving average price of $37.16 and a 200-day moving average price of $38.67. The company has a market cap of $719.26 million, a PE ratio of 11.17 and a beta of 0.88. Hibbett Sports, Inc. has a 52-week low of $29.71 and a 52-week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 18th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by $0.08. Hibbett Sports had a return on equity of 20.53% and a net margin of 6.84%. The company had revenue of $237 million for the quarter. During the same period last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Hibbett Sports, Inc. will post $2.86 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on HIBB shares. B. Riley restated a “neutral” rating and issued a $42.00 price objective on shares of Hibbett Sports in a research note on Thursday, November 24th. Canaccord Genuity set a $41.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research note on Monday, December 12th. Forward View cut Hibbett Sports to a “hold” rating and set a $34.00 price objective for the company. in a research note on Sunday, January 15th. Zacks Investment Research cut Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Tuesday, December 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $40.00 price objective on shares of Hibbett Sports in a research note on Monday, November 21st. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.60.
In other Hibbett Sports news, Director Alton E. Yother sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $41.49, for a total transaction of $207,450.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $207,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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