Vanguard Group Inc. raised its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 7.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,004,952 shares of the company’s stock after buying an additional 140,569 shares during the period. Vanguard Group Inc. owned 9.39% of Hibbett Sports worth $59,147,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after buying an additional 245 shares in the last quarter. Schroder Investment Management Group boosted its stake in Hibbett Sports by 215.0% in the first quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock valued at $188,000 after buying an additional 4,300 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Hibbett Sports during the first quarter valued at approximately $260,000. Finally, Karp Capital Management Corp acquired a new stake in Hibbett Sports during the first quarter valued at approximately $348,000.

Hibbett Sports, Inc. (NASDAQ:HIBB) traded up 3.40% during midday trading on Tuesday, hitting $15.20. The stock had a trading volume of 35,075 shares. The stock’s 50-day moving average is $19.56 and its 200-day moving average is $26.02. The company has a market cap of $315.64 million, a P/E ratio of 6.23 and a beta of 0.71. Hibbett Sports, Inc. has a one year low of $12.90 and a one year high of $45.85.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Thursday, May 18th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $275.49 million. During the same quarter last year, the business posted $1.22 EPS. Hibbett Sports’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that Hibbett Sports, Inc. will post $1.76 EPS for the current fiscal year.

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Several analysts recently commented on the company. Forward View cut Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 24th. MKM Partners restated a “neutral” rating and issued a $24.00 target price (down from $27.00) on shares of Hibbett Sports in a research report on Monday, May 22nd. B. Riley restated a “neutral” rating and issued a $29.00 target price on shares of Hibbett Sports in a research report on Wednesday, April 26th. Finally, Sidoti upgraded Hibbett Sports from a “neutral” rating to a “buy” rating in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.61.

Hibbett Sports Company Profile

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.

Institutional Ownership by Quarter for Hibbett Sports (NASDAQ:HIBB)

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