New York State Teachers Retirement System decreased its stake in Hibbett Sports, Inc. (NASDAQ:HIBB) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,917 shares of the company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned approximately 0.31% of Hibbett Sports worth $1,945,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in Hibbett Sports by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,130 shares of the company’s stock valued at $452,000 after buying an additional 780 shares in the last quarter. Comerica Bank boosted its position in Hibbett Sports by 4.9% in the fourth quarter. Comerica Bank now owns 24,096 shares of the company’s stock valued at $819,000 after buying an additional 1,122 shares in the last quarter. Boston Partners purchased a new position in Hibbett Sports during the first quarter valued at about $3,342,000. Quantitative Investment Management LLC raised its position in Hibbett Sports by 1.8% in the first quarter. Quantitative Investment Management LLC now owns 45,400 shares of the company’s stock valued at $1,339,000 after buying an additional 800 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Hibbett Sports during the first quarter valued at $348,000.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at 15.25 on Friday. Hibbett Sports, Inc. has a 12 month low of $13.05 and a 12 month high of $45.85. The company has a market cap of $316.68 million, a price-to-earnings ratio of 6.25 and a beta of 0.76. The company’s 50-day moving average price is $20.00 and its 200-day moving average price is $26.41.
Hibbett Sports (NASDAQ:HIBB) last announced 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 net margin of 5.59% and a return on equity of 16.39%. The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $275.49 million. During the same period in the prior year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Hibbett Sports, Inc. will post $1.85 EPS for the current year.
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A number of research firms have recently commented on HIBB. Vetr lowered Hibbett Sports from a “strong-buy” rating to a “buy” rating and set a $32.00 target price on the stock. in a research report on Monday, April 10th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $32.00 price target (down from $33.00) on shares of Hibbett Sports in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 18th. B. Riley restated a “neutral” rating and issued a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Finally, Canaccord Genuity restated a “hold” rating and issued a $29.00 price target on shares of Hibbett Sports in a research note on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Hibbett Sports has an average 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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