Hibbett Sports Inc. (HIBB) Position Decreased by New York State Teachers Retirement System
New York State Teachers Retirement System lowered its position in Hibbett Sports Inc. (NASDAQ:HIBB) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 59,517 shares of the company’s stock after selling 500 shares during the period. New York State Teachers Retirement System’s holdings in Hibbett Sports were worth $2,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp acquired a new position in shares of Hibbett Sports during the first quarter worth $218,000. Capstone Asset Management Co. raised its stake in Hibbett Sports by 1.9% in the second quarter. Capstone Asset Management Co. now owns 7,373 shares of the company’s stock valued at $257,000 after buying an additional 140 shares during the period. BNP Paribas Arbitrage SA raised its stake in Hibbett Sports by 80.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,731 shares of the company’s stock valued at $269,000 after buying an additional 3,448 shares during the period. Zebra Capital Management LLC purchased a new stake in Hibbett Sports during the first quarter valued at $302,000. Finally, Aperio Group LLC raised its stake in Hibbett Sports by 32.2% in the first quarter. Aperio Group LLC now owns 10,003 shares of the company’s stock valued at $359,000 after buying an additional 2,435 shares during the period.
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) traded up 0.55% during midday trading on Friday, reaching $40.16. The company’s stock had a trading volume of 231,043 shares. The stock has a market capitalization of $883.00 million, a PE ratio of 13.10 and a beta of 1.06. The stock has a 50-day moving average price of $39.95 and a 200 day moving average price of $36.46. Hibbett Sports Inc. has a 52 week low of $27.58 and a 52 week high of $41.97.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 19th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $206.90 million for the quarter. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts forecast that Hibbett Sports Inc. will post $3.00 earnings per share for the current year.
HIBB has been the topic of several research reports. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, July 25th. Forward View raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Sunday, September 18th. Stifel Nicolaus initiated coverage on Hibbett Sports in a report on Friday, June 24th. They issued a “hold” rating on the stock. Canaccord Genuity reissued a “hold” rating and issued a $36.00 target price on shares of Hibbett Sports in a report on Wednesday, August 17th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $47.00 target price on shares of Hibbett Sports in a report on Thursday, August 25th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.18.
In other news, Director Albert C. Johnson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $38.81, for a total value of $38,810.00. Following the completion of the sale, the director now owns 4,837 shares of the company’s stock, valued at $187,723.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Newsome sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $39.97, for a total value of $399,700.00. Following the completion of the sale, the director now directly owns 29,882 shares of the company’s stock, valued at approximately $1,194,383.54. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding HIBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hibbett Sports Inc. (NASDAQ:HIBB).
Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.