Trexquant Investment LP acquired a new position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,551 shares of the company’s stock, valued at approximately $330,000. Trexquant Investment LP owned 0.09% of Hibbett Sports at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in HIBB. Bank of Montreal Can acquired a new position in Hibbett Sports in the second quarter valued at $2,583,000. Piedmont Investment Advisors LLC acquired a new position in Hibbett Sports in the second quarter valued at $101,000. Aperio Group LLC boosted its stake in Hibbett Sports by 35.5% in the second quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock valued at $499,000 after acquiring an additional 5,717 shares in the last quarter. TD Asset Management Inc. acquired a new position in Hibbett Sports in the second quarter valued at $907,000. Finally, New York State Teachers Retirement System boosted its stake in Hibbett Sports by 3.8% in the second quarter. New York State Teachers Retirement System now owns 61,571 shares of the company’s stock valued at $1,410,000 after acquiring an additional 2,261 shares in the last quarter.
Several equities analysts have issued reports on HIBB shares. Canaccord Genuity set a $20.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a research note on Wednesday, November 28th. Deutsche Bank decreased their price objective on shares of Hibbett Sports from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, August 27th. Stephens upped their price objective on shares of Hibbett Sports from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, August 23rd. Zacks Investment Research downgraded shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 29th. Finally, ValuEngine downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.30.
Shares of HIBB opened at $15.52 on Friday. Hibbett Sports, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $29.60. The stock has a market cap of $291.70 million, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.23 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 (NASDAQ:HIBB) last posted its quarterly earnings results on Tuesday, November 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $216.89 million for 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%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. On average, sell-side analysts anticipate that Hibbett Sports, Inc. will post 1.58 EPS 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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