Hibbett Sports, Inc. (HIBB) Stake Increased by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 78.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,657 shares of the company’s stock after acquiring an additional 66,000 shares during the quarter. Prudential Financial Inc. owned about 0.73% of Hibbett Sports worth $2,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Hibbett Sports by 7.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after acquiring an additional 291 shares during the last quarter. UBS Group AG boosted its holdings in shares of Hibbett Sports by 135.8% during the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after acquiring an additional 3,674 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Hibbett Sports by 52.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after acquiring an additional 2,650 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Hibbett Sports by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Hibbett Sports by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after acquiring an additional 170 shares during the last quarter.

A number of brokerages have recently issued reports on HIBB. TheStreet downgraded shares of Hibbett Sports from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. BMO Capital Markets set a $10.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a report on Friday, August 18th. Robert W. Baird set a $10.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price target (down previously from $17.00) on shares of Hibbett Sports in a report on Sunday, August 20th. Finally, Buckingham Research downgraded shares of Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a report on Tuesday, November 21st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.56.

Hibbett Sports, Inc. (HIBB) opened at $19.90 on Wednesday. The stock has a market cap of $407.71, a P/E ratio of 11.47, a P/E/G ratio of 6.14 and a beta of 0.96. Hibbett Sports, Inc. has a 1-year low of $9.40 and a 1-year high of $43.40.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. analysts anticipate that Hibbett Sports, Inc. will post 1.5 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/12/06/hibbett-sports-inc-hibb-stake-increased-by-prudential-financial-inc.html.

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.

Want to see what other hedge funds are holding HIBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hibbett Sports, Inc. (NASDAQ:HIBB).

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

Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply