Hibbett Sports, Inc. (HIBB) Shares Bought by Franklin Resources Inc.
Franklin Resources Inc. grew its position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,740 shares of the company’s stock after buying an additional 177 shares during the quarter. Franklin Resources Inc. owned 2.61% of Hibbett Sports worth $11,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Hibbett Sports by 7.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares during the period. Mason Street Advisors LLC raised its holdings in Hibbett Sports by 5.0% in the 1st quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock worth $151,000 after purchasing an additional 245 shares during the period. Schroder Investment Management Group raised its holdings in Hibbett Sports by 215.0% in the 1st quarter. Schroder Investment Management Group now owns 6,300 shares of the company’s stock worth $188,000 after purchasing an additional 4,300 shares during the period. UBS Group AG raised its holdings in Hibbett Sports by 135.8% in the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after purchasing an additional 3,674 shares during the period. Finally, Invictus RG bought a new position in Hibbett Sports in the 1st quarter worth $228,000.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at 13.65 on Friday. The stock has a 50 day moving average of $12.94 and a 200-day moving average of $21.39. The firm has a market capitalization of $280.36 million, a price-to-earnings ratio of 6.67 and a beta of 0.76. Hibbett Sports, Inc. has a one year low of $9.40 and a one year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. The firm had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that Hibbett Sports, Inc. will post $1.30 earnings per share for the current fiscal year.
In other news, insider Scott Justin Bowman purchased 3,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of $11.84 per share, for a total transaction of $35,520.00. Following the completion of the transaction, the insider now owns 7,883 shares of the company’s stock, valued at $93,334.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Newsome purchased 10,000 shares of the stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $12.13 per share, with a total value of $121,300.00. Following the transaction, the director now directly owns 44,924 shares of the company’s stock, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Insiders have acquired 25,500 shares of company stock worth $312,595 over the last three months. 1.60% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on the company. TheStreet lowered Hibbett Sports from a “c-” rating to a “d+” rating in a research note on Wednesday, September 6th. Susquehanna Bancshares Inc upgraded Hibbett Sports from a “neutral” rating to a “positive” rating and raised their price objective for the company from $11.00 to $17.00 in a research report on Wednesday. Robert W. Baird set a $10.00 price objective on Hibbett Sports and gave the company a “hold” rating in a research report on Friday, August 18th. BMO Capital Markets set a $10.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price target (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.22.
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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