Nuveen Asset Management LLC lowered its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,384 shares of the company’s stock after selling 511 shares during the period. Nuveen Asset Management LLC owned 0.18% of Hibbett Sports worth $1,103,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of HIBB. Russell Investments Group Ltd. acquired a new position in Hibbett Sports during the fourth quarter valued at $1,530,000. Comerica Bank increased its stake in shares of Hibbett Sports by 4.9% in the fourth quarter. Comerica Bank now owns 24,096 shares of the company’s stock worth $819,000 after buying an additional 1,122 shares during the period. State Street Corp increased its stake in shares of Hibbett Sports by 5.1% in the fourth quarter. State Street Corp now owns 652,687 shares of the company’s stock worth $24,341,000 after buying an additional 31,936 shares during the period. Tudor Investment Corp Et Al purchased a new stake in shares of Hibbett Sports during the fourth quarter worth approximately $216,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Hibbett Sports during the fourth quarter worth approximately $388,000.
Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at 14.20 on Thursday. Hibbett Sports, Inc. has a 52 week low of $12.90 and a 52 week high of $45.85. The company has a market cap of $294.88 million, a price-to-earnings ratio of 5.82 and a beta of 0.71. The company has a 50 day moving average of $18.91 and a 200-day moving average of $25.79.
Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Thursday, May 18th. The company reported $0.97 earnings per share for the quarter, beating 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 company had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $275.49 million. During the same period in the prior year, the business earned $1.22 earnings per share. Hibbett Sports’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that Hibbett Sports, Inc. will post $1.76 earnings per share for the current fiscal year.
A number of brokerages have recently commented on HIBB. B. Riley reiterated a “neutral” rating and set a $29.00 price target on shares of Hibbett Sports in a report on Tuesday, May 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price target (down from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.61.
Hibbett Sports Company Profile
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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