Canada Pension Plan Investment Board increased its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 170.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 526,400 shares of the company’s stock after buying an additional 331,900 shares during the period. Canada Pension Plan Investment Board’s holdings in Hibbett Sports were worth $9,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in Hibbett Sports in the 2nd quarter worth approximately $2,583,000. Piedmont Investment Advisors LLC bought a new stake in Hibbett Sports in the 2nd quarter worth approximately $101,000. Aperio Group LLC increased its stake in Hibbett Sports by 35.5% in the 2nd quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock worth $499,000 after acquiring an additional 5,717 shares during the last quarter. TD Asset Management Inc. bought a new stake in Hibbett Sports in the 2nd quarter worth approximately $907,000. Finally, New York State Teachers Retirement System increased its stake in Hibbett Sports by 3.8% in the 2nd quarter. New York State Teachers Retirement System now owns 61,571 shares of the company’s stock worth $1,410,000 after acquiring an additional 2,261 shares during the last quarter.
HIBB has been the topic of a number of research reports. BidaskClub raised Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Stifel Nicolaus lifted their target price on Hibbett Sports from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Canaccord Genuity reiterated a “buy” rating and issued a $31.00 target price on shares of Hibbett Sports in a report on Friday, August 17th. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, Stephens lifted their target price on Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.30.
Shares of Hibbett Sports stock opened at $15.57 on Thursday. The company has a market capitalization of $287.44 million, a PE ratio of 9.55, a P/E/G ratio of 1.24 and a beta of 0.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.06 and a quick ratio of 1.10. Hibbett Sports, Inc. has a one year low of $14.86 and a one year high of $29.60.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Tuesday, November 27th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The company had revenue of $216.89 million during the quarter, compared to analysts’ expectations of $217.56 million. Hibbett Sports had a return on equity of 9.45% and a net margin of 3.25%. Hibbett Sports’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. As a group, research analysts forecast that Hibbett Sports, Inc. will post 1.58 earnings per share for the current year.
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Hibbett Sports Company Profile
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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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