Hibbett Sports (NASDAQ:HIBB) issued its quarterly earnings results on Friday, March 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.15, RTT News reports. The firm had revenue of $266.70 million during the quarter, compared to analyst estimates of $261.37 million. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share.
NASDAQ HIBB traded down $0.55 on Friday, reaching $26.30. 1,242,400 shares of the company’s stock traded hands, compared to its average volume of 942,545. The company has a market capitalization of $509.47, a PE ratio of 16.13, a P/E/G ratio of 1.73 and a beta of 0.84. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $29.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 0.81.
Several equities analysts have recently weighed in on the company. Bank of America raised Hibbett Sports from an “underperform” rating to a “buy” rating and lowered their price target for the company from $14.00 to $12.00 in a report on Tuesday, January 16th. BidaskClub upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. ValuEngine upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Robert W. Baird raised their price objective on Hibbett Sports to $24.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Canaccord Genuity set a $31.00 price target on Hibbett Sports and gave the stock a “buy” rating in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.30.
In other Hibbett Sports news, VP Cathy E. Pryor sold 6,500 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the transaction, the vice president now owns 13,300 shares in the company, valued at $300,314. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its position in shares of Hibbett Sports by 22.6% during the 4th quarter. California Public Employees Retirement System now owns 151,506 shares of the company’s stock worth $3,091,000 after purchasing an additional 27,915 shares during the last quarter. SG Americas Securities LLC grew its stake in Hibbett Sports by 114.3% during the 3rd quarter. SG Americas Securities LLC now owns 36,561 shares of the company’s stock valued at $521,000 after acquiring an additional 19,502 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Hibbett Sports by 81.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,264 shares of the company’s stock valued at $3,097,000 after acquiring an additional 97,278 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Hibbett Sports by 15.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 335,566 shares of the company’s stock valued at $6,846,000 after acquiring an additional 44,155 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Hibbett Sports during the 3rd quarter valued at about $376,000.
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About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.
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