KCG Holdings Inc. bought a new position in Hibbett Sports, Inc. (NASDAQ:HIBB) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 12,737 shares of the company’s stock, valued at approximately $376,000. KCG Holdings Inc. owned about 0.06% of Hibbett Sports as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in HIBB. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Hibbett Sports by 78.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 32,339 shares of the company’s stock valued at $954,000 after buying an additional 14,259 shares during the period. Strs Ohio increased its stake in shares of Hibbett Sports by 11.1% in the first quarter. Strs Ohio now owns 100,000 shares of the company’s stock valued at $2,950,000 after buying an additional 10,000 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Hibbett Sports by 55.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,853 shares of the company’s stock valued at $350,000 after buying an additional 4,221 shares during the period. Legato Capital Management LLC increased its stake in shares of Hibbett Sports by 2,850.0% in the first quarter. Legato Capital Management LLC now owns 58,882 shares of the company’s stock valued at $1,996,000 after buying an additional 56,886 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hibbett Sports during the first quarter valued at approximately $260,000.
Shares of Hibbett Sports, Inc. (HIBB) opened at 15.25 on Friday. Hibbett Sports, Inc. has a 1-year low of $13.05 and a 1-year high of $45.85. The company has a market cap of $316.68 million, a PE ratio of 6.25 and a beta of 0.76. The firm’s 50-day moving average is $20.00 and its 200-day moving average is $26.41.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $275.49 million. During the same quarter last year, the company earned $1.22 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that Hibbett Sports, Inc. will post $1.85 earnings per share for the current fiscal year.
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Several brokerages recently commented on HIBB. Canaccord Genuity set a $25.00 price objective on shares of Hibbett Sports and gave the company a “hold” rating in a research report on Friday, May 19th. B. Riley restated a “neutral” rating and set a $29.00 target price on shares of Hibbett Sports in a research note on Wednesday, May 17th. Zacks Investment Research upgraded shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Forward View upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.61.
About Hibbett Sports
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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