BNP Paribas Arbitrage SA cut its stake in shares of Hibbett Sports Inc. (NASDAQ:HIBB) by 45.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,207 shares of the company’s stock after selling 3,524 shares during the period. BNP Paribas Arbitrage SA’s holdings in Hibbett Sports were worth $168,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Monarch Partners Asset Management LLC purchased a new position in Hibbett Sports during the second quarter valued at about $2,008,000. UBS Group AG boosted its position in Hibbett Sports by 1.2% in the first quarter. UBS Group AG now owns 68,717 shares of the company’s stock valued at $2,466,000 after buying an additional 846 shares in the last quarter. Menta Capital LLC boosted its position in Hibbett Sports by 15.2% in the first quarter. Menta Capital LLC now owns 15,944 shares of the company’s stock valued at $572,000 after buying an additional 2,100 shares in the last quarter. AlphaOne Investment Services LLC boosted its position in Hibbett Sports by 54.5% in the first quarter. AlphaOne Investment Services LLC now owns 81,600 shares of the company’s stock valued at $2,929,000 after buying an additional 28,800 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock valued at $1,969,000 after buying an additional 1,500 shares in the last quarter.
Hibbett Sports Inc. (NASDAQ:HIBB) opened at 41.61 on Friday. Hibbett Sports Inc. has a 52-week low of $27.58 and a 52-week high of $41.94. The firm has a 50-day moving average of $39.62 and a 200-day moving average of $36.29. The firm has a market cap of $914.88 million, a PE ratio of 13.57 and a beta of 1.06.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 19th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Hibbett Sports had a return on equity of 22.04% and a net margin of 7.32%. The company earned $206.90 million during the quarter. During the same period last year, the business posted $0.28 EPS. Hibbett Sports’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Hibbett Sports Inc. will post $3.00 EPS for the current year.
HIBB has been the subject of several analyst reports. Brean Capital reiterated a “sell” rating and issued a $33.00 target price on shares of Hibbett Sports in a research note on Monday, August 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $47.00 target price on shares of Hibbett Sports in a research note on Thursday, August 25th. Piper Jaffray Cos. decreased their target price on shares of Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Goldman Sachs Group Inc. restated a “sell” rating on shares of Hibbett Sports in a research report on Monday, August 15th. Finally, Forward View restated a “hold” rating and set a $35.00 price objective on shares of Hibbett Sports in a research report on Sunday, August 14th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.18.
In other news, Director Albert C. Johnson sold 1,000 shares of Hibbett Sports stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $38.81, for a total transaction of $38,810.00. Following the completion of the transaction, the director now owns 4,837 shares of the company’s stock, valued at approximately $187,723.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Cathy E. Pryor sold 2,500 shares of Hibbett Sports stock in a transaction on Monday, September 12th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the vice president now directly owns 17,108 shares of the company’s stock, valued at approximately $684,320. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.
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