D. E. Shaw & Co. Inc. increased its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 105.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 815,110 shares of the company’s stock after acquiring an additional 418,062 shares during the period. D. E. Shaw & Co. Inc. owned about 4.46% of Hibbett Sports worth $11,656,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HIBB. FNY Investment Advisers LLC grew its holdings in shares of Hibbett Sports by 464.0% in the fourth quarter. FNY Investment Advisers LLC now owns 2,713 shares of the company’s stock worth $38,000 after acquiring an additional 2,232 shares during the period. Quantamental Technologies LLC bought a new stake in Hibbett Sports during the fourth quarter valued at about $70,000. NumerixS Investment Technologies Inc bought a new stake in Hibbett Sports during the fourth quarter valued at about $82,000. Oregon Public Employees Retirement Fund bought a new stake in Hibbett Sports during the fourth quarter valued at about $101,000. Finally, Virtu Financial LLC bought a new stake in Hibbett Sports during the fourth quarter valued at about $147,000.
Several research firms have issued reports on HIBB. Consumer Edge lowered Hibbett Sports from an “overweight” rating to an “equal weight” rating and set a $18.54 price target for the company. in a report on Thursday. ValuEngine raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 5th. Zacks Investment Research raised Hibbett Sports from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. BidaskClub raised Hibbett Sports from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Finally, Bank of America reissued an “underperform” rating and set a $15.00 price target (down previously from $18.00) on shares of Hibbett Sports in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.35.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 22nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.18. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $282.27 million. Hibbett Sports had a return on equity of 9.95% and a net margin of 2.82%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Equities research analysts predict that Hibbett Sports, Inc. will post 1.8 earnings per share for the current fiscal year.
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Hibbett Sports Company Profile
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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