Schroder Investment Management Group Has $188,000 Stake in Hibbett Sports, Inc. (HIBB)
Schroder Investment Management Group increased its stake in Hibbett Sports, Inc. (NASDAQ:HIBB) by 215.0% during the first quarter, Holdings Channel reports. The fund owned 6,300 shares of the company’s stock after buying an additional 4,300 shares during the period. Schroder Investment Management Group’s holdings in Hibbett Sports were worth $188,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Hibbett Sports during the fourth quarter valued at about $7,390,000. Boston Partners bought a new stake in Hibbett Sports during the first quarter valued at about $3,342,000. Legato Capital Management LLC increased its stake in Hibbett Sports by 2,850.0% in the first quarter. Legato Capital Management LLC now owns 58,882 shares of the company’s stock valued at $1,996,000 after buying an additional 56,886 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Hibbett Sports during the fourth quarter valued at about $1,530,000. Finally, Olstein Capital Management L.P. increased its stake in Hibbett Sports by 168.9% in the first quarter. Olstein Capital Management L.P. now owns 55,250 shares of the company’s stock valued at $1,630,000 after buying an additional 34,700 shares during the last quarter.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at 22.35 on Tuesday. The company has a 50 day moving average price of $23.77 and a 200 day moving average price of $30.21. Hibbett Sports, Inc. has a 52 week low of $21.85 and a 52 week high of $45.85. The company has a market cap of $464.12 million, a PE ratio of 9.16 and a beta of 0.77.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. Hibbett Sports’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. On average, equities analysts expect that Hibbett Sports, Inc. will post $2.43 earnings per share for the current year.
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HIBB has been the topic of several research analyst reports. Feltl & Co. raised Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Monday, May 22nd. Vetr raised Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Monday, April 17th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $32.00 target price (down previously from $33.00) on shares of Hibbett Sports in a research note on Tuesday, April 18th. Zacks Investment Research cut Hibbett Sports from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Finally, Brean Capital reaffirmed a “sell” rating and set a $33.00 target price on shares of Hibbett Sports in a research note on Tuesday, February 28th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.40.
In other Hibbett Sports news, SVP Jared S. Briskin sold 3,040 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $28.47, for a total value of $86,548.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by company insiders.
About Hibbett Sports
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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