Bank of New York Mellon Corp reduced its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 559,094 shares of the company’s stock after selling 8,369 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hibbett Sports were worth $12,803,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of HIBB. Millennium Management LLC increased its position in shares of Hibbett Sports by 2,591.2% during the second quarter. Millennium Management LLC now owns 415,043 shares of the company’s stock worth $9,504,000 after buying an additional 399,621 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Hibbett Sports during the second quarter worth $6,272,000. American Century Companies Inc. acquired a new stake in shares of Hibbett Sports during the second quarter worth $5,533,000. BlackRock Inc. increased its position in shares of Hibbett Sports by 9.0% during the second quarter. BlackRock Inc. now owns 2,815,369 shares of the company’s stock worth $64,470,000 after buying an additional 233,090 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Hibbett Sports during the second quarter worth $2,583,000.
NASDAQ:HIBB opened at $15.52 on Friday. The company has a quick ratio of 1.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $288.92 million, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.22 and a beta of 0.56. Hibbett Sports, Inc. has a 12 month low of $14.86 and a 12 month high of $29.60.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Tuesday, November 27th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $216.89 million during the quarter, compared to analyst estimates of $217.56 million. Hibbett Sports had a return on equity of 9.45% and a net margin of 3.25%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, research analysts anticipate that Hibbett Sports, Inc. will post 1.58 EPS for the current year.
Several equities research analysts have recently weighed in on the stock. Bank of America reiterated an “underperform” rating and set a $15.00 price objective (down from $18.00) on shares of Hibbett Sports in a research report on Friday, November 30th. Zacks Investment Research upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. ValuEngine cut shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Friday, November 30th. Canaccord Genuity set a $20.00 price objective on shares of Hibbett Sports and gave the stock a “hold” rating in a research report on Wednesday, November 28th. Finally, BidaskClub cut shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $21.30.
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Hibbett Sports Company Profile
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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