UBS Asset Management Americas Inc. boosted its position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 17.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,299 shares of the company’s stock after buying an additional 1,700 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.05% of Hibbett Sports worth $451,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted 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 worth $104,000 after buying an additional 1,255 shares during the period. Advisory Services Network LLC boosted 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 worth $107,000 after buying an additional 340 shares during the period. Teacher Retirement System of Texas boosted 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 worth $116,000 after buying an additional 403 shares during the period. Huntington National Bank boosted 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 worth $131,000 after buying an additional 490 shares during the period. Finally, Mason Street Advisors LLC purchased a new stake in shares of Hibbett Sports during the second quarter worth approximately $152,000.
Hibbett Sports, Inc. (NASDAQ:HIBB) traded down 1.35% on Friday, hitting $32.85. 128,352 shares of the stock were exchanged. Hibbett Sports, Inc. has a 12 month low of $29.71 and a 12 month high of $45.85. The company has a 50-day moving average of $37.16 and a 200-day moving average of $38.67. The stock has a market cap of $721.45 million, a price-to-earnings ratio of 11.20 and a beta of 0.88.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, November 18th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.08. Hibbett Sports had a net margin of 6.84% and a return on equity of 20.53%. The business had revenue of $237 million for the quarter. During the same period in the prior year, the business posted $0.79 earnings per share. Hibbett Sports’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Hibbett Sports, Inc. will post $2.86 EPS for the current year.
HIBB has been the topic of several research reports. Zacks Investment Research lowered shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Tuesday, December 20th. Sidoti lowered shares of Hibbett Sports from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $47.00 in a report on Wednesday, December 7th. Canaccord Genuity set a $41.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a report on Monday, December 12th. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Hibbett Sports in a report on Monday, November 21st. Finally, Forward View lowered shares of Hibbett Sports to a “hold” rating and set a $34.00 price objective on the stock. in a report on Sunday, January 15th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hibbett Sports has a consensus rating of “Hold” and an average price target of $39.60.
In related news, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $41.49, for a total transaction of $207,450.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $207,450. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.
About Hibbett Sports
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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