Hibbett Sports, Inc. (NASDAQ:HIBB) Position Maintained by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky held its stake in Hibbett Sports, Inc. (NASDAQ:HIBB) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,800 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hibbett Sports were worth $230,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Guggenheim Capital LLC acquired a new stake in Hibbett Sports during the fourth quarter worth $388,000. Norges Bank acquired a new stake in Hibbett Sports during the fourth quarter worth $7,390,000. Teachers Advisors LLC increased its stake in Hibbett Sports by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the company’s stock worth $1,418,000 after buying an additional 2,153 shares during the period. Fox Run Management L.L.C. acquired a new stake in Hibbett Sports during the first quarter worth $260,000. Finally, 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 worth $1,996,000 after buying an additional 56,886 shares during the period.
Hibbett Sports, Inc. (HIBB) traded up 1.11% during midday trading on Friday, reaching $13.70. 669,889 shares of the company’s stock traded hands. The firm’s 50-day moving average is $17.85 and its 200-day moving average is $25.09. The company has a market capitalization of $284.49 million, a price-to-earnings ratio of 5.61 and a beta of 0.71. Hibbett Sports, Inc. has a 1-year low of $12.90 and a 1-year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings results on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The business had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $275.49 million. During the same period last year, the business earned $1.22 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts forecast that Hibbett Sports, Inc. will post $1.76 earnings per share for the current year.
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A number of analysts have recently weighed in on HIBB shares. Vetr upgraded shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Monday, April 17th. Zacks Investment Research raised shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $32.00 price target (down from $33.00) on shares of Hibbett Sports in a research note on Tuesday, April 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Finally, B. Riley reaffirmed a “neutral” rating and set a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hibbett Sports has a consensus rating of “Hold” and a consensus target price 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.
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