Bank of Montreal Can lessened its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,031 shares of the company’s stock after selling 3,909 shares during the quarter. Bank of Montreal Can owned approximately 0.79% of Hibbett Sports worth $2,567,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Spark Investment Management LLC purchased a new stake in shares of Hibbett Sports in the 1st quarter valued at approximately $974,000. Aperio Group LLC lifted its position in shares of Hibbett Sports by 30.3% in the 2nd quarter. Aperio Group LLC now owns 30,096 shares of the company’s stock valued at $548,000 after acquiring an additional 6,999 shares in the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new stake in shares of Hibbett Sports in the 2nd quarter valued at approximately $8,216,000. 361 Capital LLC purchased a new stake in shares of Hibbett Sports in the 2nd quarter valued at approximately $2,011,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Hibbett Sports in the 1st quarter valued at approximately $2,898,000.
HIBB has been the subject of several research analyst reports. ValuEngine downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 27th. Robert W. Baird set a $17.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Monday, August 26th. BidaskClub upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Bank of America cut their target price on shares of Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating for the company in a research report on Monday, August 26th. Finally, Susquehanna Bancshares set a $29.00 target price on shares of Hibbett Sports and gave the stock a “buy” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.26.
HIBB stock opened at $17.95 on Friday. Hibbett Sports, Inc. has a 12-month low of $13.08 and a 12-month high of $25.24. The company has a quick ratio of 0.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.55. The company has a market cap of $301.63 million, a price-to-earnings ratio of 10.14, a PEG ratio of 0.70 and a beta of 0.45. The company has a 50 day moving average of $16.64 and a two-hundred day moving average of $19.45.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. Hibbett Sports had a net margin of 2.39% and a return on equity of 11.89%. The company had revenue of $252.40 million during the quarter, compared to the consensus estimate of $255.71 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue was up 19.6% compared to the same quarter last year. On average, research analysts anticipate that Hibbett Sports, Inc. will post 2.2 EPS for the current year.
In related news, SVP Ronald P. Blahnik bought 6,125 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $15.84 per share, for a total transaction of $97,020.00. Following the transaction, 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 through this hyperlink. 2.50% of the stock is owned by corporate insiders.
About Hibbett Sports
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.
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