12,159 Shares in Hibbett Sports (HIBB) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in shares of Hibbett Sports (NASDAQ:HIBB) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,159 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC lifted its holdings in shares of Hibbett Sports by 26.8% during the fourth quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock valued at $324,000 after purchasing an additional 3,364 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Hibbett Sports by 15.2% during the fourth quarter. Rhumbline Advisers now owns 51,739 shares of the company’s stock valued at $1,055,000 after purchasing an additional 6,811 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Hibbett Sports by 6.5% during the fourth quarter. TCW Group Inc. now owns 142,726 shares of the company’s stock valued at $2,912,000 after purchasing an additional 8,726 shares during the last quarter. Commerce Bank purchased a new position in shares of Hibbett Sports during the first quarter valued at approximately $215,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Hibbett Sports during the fourth quarter valued at approximately $208,000.

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HIBB has been the subject of several recent research reports. Bank of America lowered their target price on shares of Hibbett Sports from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 19th. ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Stephens restated a “hold” rating and issued a $22.00 price objective on shares of Hibbett Sports in a report on Monday, February 26th. BidaskClub lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Canaccord Genuity set a $29.00 price objective on shares of Hibbett Sports and gave the stock a “buy” rating in a report on Tuesday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Hibbett Sports has a consensus rating of “Hold” and a consensus target price of $21.29.

Shares of NASDAQ HIBB opened at $28.95 on Friday. The company has a market capitalization of $539.32 million, a P/E ratio of 17.76, a PEG ratio of 1.85 and a beta of 0.83. The company has a quick ratio of 0.81, a current ratio of 3.00 and a debt-to-equity ratio of 0.01. Hibbett Sports has a twelve month low of $9.40 and a twelve month high of $29.50.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, May 25th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). The company had revenue of $274.70 million for the quarter, compared to analysts’ expectations of $276.98 million. Hibbett Sports had a net margin of 3.62% and a return on equity of 10.37%. Hibbett Sports’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. sell-side analysts expect that Hibbett Sports will post 1.87 earnings per share for the current fiscal year.

In other Hibbett Sports news, Director Alton E. Yother sold 5,000 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $28.20, for a total transaction of $141,000.00. Following the completion of the sale, the director now directly owns 16,237 shares in the company, valued at approximately $457,883.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Cathy E. Pryor sold 6,500 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total transaction of $146,770.00. Following the sale, the vice president now owns 13,300 shares of the company’s stock, valued at $300,314. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by 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. 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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Institutional Ownership by Quarter for Hibbett Sports (NASDAQ:HIBB)

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