Tudor Investment Corp ET AL raised its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 76.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,464 shares of the company’s stock after purchasing an additional 8,864 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.10% of Hibbett Sports worth $425,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Numeric Investors LLC raised its position in Hibbett Sports by 26.1% in the 2nd quarter. Numeric Investors LLC now owns 44,500 shares of the company’s stock valued at $923,000 after purchasing an additional 9,200 shares during the last quarter. Voya Investment Management LLC raised its position in Hibbett Sports by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after purchasing an additional 1,278 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hibbett Sports by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock valued at $27,226,000 after purchasing an additional 511,443 shares during the last quarter. Virtu KCG Holdings LLC raised its position in Hibbett Sports by 11.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 14,197 shares of the company’s stock valued at $295,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in Hibbett Sports by 391.3% in the 2nd quarter. Citadel Advisors LLC now owns 108,853 shares of the company’s stock valued at $2,259,000 after purchasing an additional 86,695 shares during the last quarter.
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In related news, CEO Jeffry O. Rosenthal purchased 2,500 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael J. Newsome purchased 10,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were bought at an average price of $12.13 per share, with a total value of $121,300.00. Following the purchase, the director now directly owns 44,924 shares in the company, valued at approximately $544,928.12. The disclosure for this purchase can be found here. Insiders purchased a total of 25,500 shares of company stock valued at $312,595 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.
HIBB has been the subject of several research analyst reports. BidaskClub downgraded Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of Hibbett Sports in a research report on Thursday, July 27th. Canaccord Genuity set a $11.00 price objective on Hibbett Sports and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, Forward View downgraded Hibbett Sports to a “sell” rating and set a $10.00 price objective for the company. in a research report on Monday, August 28th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.22.
Hibbett Sports, Inc. (HIBB) opened at 13.50 on Thursday. The firm has a market capitalization of $277.28 million, a PE ratio of 6.60 and a beta of 0.78. The stock’s 50 day moving average price is $13.22 and its 200 day moving average price is $19.73. Hibbett Sports, Inc. has a 52-week low of $9.40 and a 52-week high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that Hibbett Sports, Inc. will post $1.30 EPS for the current fiscal year.
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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