Russell Investments Group Ltd. Lowers Position in Hibbett Sports, Inc. (NASDAQ:HIBB)

Russell Investments Group Ltd. lessened its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 73.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,379 shares of the company’s stock after selling 344,006 shares during the period. Russell Investments Group Ltd.’s holdings in Hibbett Sports were worth $2,318,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HIBB. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hibbett Sports in the second quarter worth $39,000. Menta Capital LLC purchased a new stake in shares of Hibbett Sports in the second quarter worth $191,000. NumerixS Investment Technologies Inc raised its position in shares of Hibbett Sports by 75.8% in the first quarter. NumerixS Investment Technologies Inc now owns 10,020 shares of the company’s stock worth $226,000 after buying an additional 4,320 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Hibbett Sports by 22.2% in the first quarter. BNP Paribas Arbitrage SA now owns 12,237 shares of the company’s stock worth $279,000 after buying an additional 2,226 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Hibbett Sports by 4.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,529 shares of the company’s stock worth $319,000 after buying an additional 750 shares in the last quarter.

In other news, SVP Ronald P. Blahnik purchased 6,125 shares of the stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $15.84 per share, for a total transaction of $97,020.00. Following the completion of the transaction, the senior vice president now directly owns 14,700 shares of the company’s stock, valued at approximately $232,848. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

NASDAQ HIBB traded up $0.12 during trading hours on Wednesday, reaching $19.80. 190,858 shares of the stock traded hands, compared to its average volume of 1,024,672. The stock has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $19.46. Hibbett Sports, Inc. has a 1 year low of $13.08 and a 1 year high of $25.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.64 and a quick ratio of 0.48. The company has a market cap of $327.38 million, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.45.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The business had revenue of $252.40 million for the quarter, compared to the consensus estimate of $255.71 million. During the same quarter last year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, sell-side analysts forecast that Hibbett Sports, Inc. will post 2.2 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Monday, July 29th. Bank of America lowered their price objective on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. ValuEngine downgraded Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird set a $17.00 price target on Hibbett Sports and gave the company a “hold” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.26.

About Hibbett Sports

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. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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Institutional Ownership by Quarter for Hibbett Sports (NASDAQ:HIBB)

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