Trexquant Investment LP Decreases Holdings in Hibbett Sports, Inc. (HIBB)
Trexquant Investment LP lessened its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 70.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,480 shares of the company’s stock after selling 40,976 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Hibbett Sports worth $249,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in shares of Hibbett Sports in the second quarter worth $15,077,000. Dimensional Fund Advisors LP grew its stake in shares of Hibbett Sports by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Hibbett Sports in the second quarter worth $313,000. Nordea Investment Management AB grew its stake in shares of Hibbett Sports by 74.6% in the second quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after purchasing an additional 278,395 shares during the last quarter. Finally, Dean Capital Management bought a new stake in shares of Hibbett Sports in the second quarter worth $3,133,000.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at $19.35 on Friday. Hibbett Sports, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $43.40. The firm has a market cap of $408.74, a PE ratio of 11.50, a P/E/G ratio of 6.16 and a beta of 0.96.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The company had revenue of $237.80 million for the quarter, compared to analyst estimates of $219.38 million. During the same quarter in the prior year, the business posted $0.66 EPS. The firm’s revenue was up .3% compared to the same quarter last year. equities research analysts forecast that Hibbett Sports, Inc. will post 1.5 earnings per share for the current year.
Several brokerages recently weighed in on HIBB. Susquehanna Bancshares reissued a “buy” rating and issued a $21.00 price objective on shares of Hibbett Sports in a research note on Monday, November 20th. Buckingham Research cut shares of Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, November 21st. Zacks Investment Research cut shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine raised shares of Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, TheStreet raised shares of Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.12.
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.
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.