Strs Ohio held its stake in shares of Hibbett Sports Inc. (NASDAQ:HIBB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Hibbett Sports were worth $3,826,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Hibbett Sports during the second quarter valued at $135,000. M&T Bank Corp acquired a new stake in Hibbett Sports during the first quarter worth approximately $218,000. Daiwa Securities Group Inc. acquired a new stake in Hibbett Sports during the second quarter worth approximately $244,000. Capstone Asset Management Co. increased its stake in Hibbett Sports by 1.9% in the second quarter. Capstone Asset Management Co. now owns 7,373 shares of the company’s stock worth $257,000 after buying an additional 140 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Hibbett Sports by 80.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,731 shares of the company’s stock worth $269,000 after buying an additional 3,448 shares during the period.
Hibbett Sports Inc. (NASDAQ:HIBB) traded up 1.09% during mid-day trading on Friday, reaching $41.61. The company’s stock had a trading volume of 230,987 shares. 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 capitalization of $914.88 million, a price-to-earnings ratio of 13.57 and a beta of 1.06. Hibbett Sports Inc. has a 1-year low of $27.58 and a 1-year high of $41.94.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, August 19th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 in the previous year, the company posted $0.28 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Hibbett Sports Inc. will post $3.00 earnings per share for the current year.
A number of research firms have commented on HIBB. Brean Capital reissued a “sell” rating on shares of Hibbett Sports in a report on Thursday, September 22nd. Forward View raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Sunday, September 18th. B. Riley reissued a “neutral” rating and issued a $42.00 target price on shares of Hibbett Sports in a report on Saturday, August 27th. Piper Jaffray Cos. reduced their target price on Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $47.00 target price on shares of Hibbett Sports in a report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.18.
In other news, VP Cathy E. Pryor sold 2,500 shares of the company’s 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 completion of the sale, the vice president now owns 17,108 shares in the company, valued at $684,320. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Albert C. Johnson sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $38.81, for a total value of $38,810.00. Following the completion of the sale, the director now owns 4,837 shares of the company’s stock, valued at approximately $187,723.97. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
About Hibbett Sports
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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