Prudential Financial Inc. trimmed its holdings in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,523 shares of the company’s stock after selling 19,000 shares during the period. Prudential Financial Inc. owned approximately 2.37% of Hibbett Sports worth $7,708,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Hibbett Sports by 39.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,775,243 shares of the company’s stock worth $31,884,000 after buying an additional 504,390 shares in the last quarter. FMR LLC lifted its holdings in Hibbett Sports by 0.3% in the 1st quarter. FMR LLC now owns 1,329,262 shares of the company’s stock valued at $30,321,000 after acquiring an additional 3,600 shares during the last quarter. Marshall Wace LLP lifted its holdings in Hibbett Sports by 5,371.0% in the 1st quarter. Marshall Wace LLP now owns 762,218 shares of the company’s stock valued at $17,387,000 after acquiring an additional 748,286 shares during the last quarter. Smith Graham & Co. Investment Advisors LP bought a new position in shares of Hibbett Sports during the 2nd quarter valued at about $8,216,000. Finally, Acadian Asset Management LLC boosted its position in shares of Hibbett Sports by 21.6% during the 2nd quarter. Acadian Asset Management LLC now owns 184,863 shares of the company’s stock valued at $3,364,000 after purchasing an additional 32,846 shares in the last quarter.
In other news, SVP Ronald P. Blahnik bought 6,125 shares of the business’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $15.84 per share, with a total value of $97,020.00. Following the purchase, the senior vice president now directly owns 14,700 shares in the company, valued at $232,848. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.
A number of analysts recently commented on HIBB shares. BidaskClub upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. Susquehanna Bancshares set a $29.00 target price on shares of Hibbett Sports and gave the stock a “buy” rating in a report on Monday, August 26th. ValuEngine lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 27th. Bank of America dropped their price target on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Finally, Zacks Investment Research lowered Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.26.
NASDAQ HIBB traded up $0.02 on Wednesday, hitting $18.29. 10,315 shares of the company were exchanged, compared to its average volume of 991,032. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.63 and a quick ratio of 0.50. Hibbett Sports, Inc. has a twelve month low of $13.08 and a twelve month high of $25.24. The firm has a market capitalization of $301.63 million, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The company’s 50 day moving average price is $16.65 and its 200-day moving average price is $19.45.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. Hibbett Sports had a net margin of 2.39% and a return on equity of 11.89%. The business had revenue of $252.40 million for the quarter, compared to the consensus estimate of $255.71 million. During the same period last year, the firm posted ($0.06) earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts expect that Hibbett Sports, Inc. will post 2.2 EPS for the current year.
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. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.
Recommended Story: How to use beta for portfolio diversification
Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.