Cigna Investments Inc. New Invests $503,000 in Hibbett Sports, Inc. (HIBB)
Cigna Investments Inc. New acquired a new stake in Hibbett Sports, Inc. (NASDAQ:HIBB) during the second quarter, Holdings Channel reports. The fund acquired 24,232 shares of the company’s stock, valued at approximately $503,000.
A number of other hedge funds have also recently made changes to their positions in HIBB. BlackRock Inc. boosted its stake in shares of Hibbett Sports by 94,396.9% in the first quarter. BlackRock Inc. now owns 2,945,468 shares of the company’s stock valued at $86,891,000 after buying an additional 2,942,351 shares in the last quarter. Norges Bank purchased a new stake in shares of Hibbett Sports during the fourth quarter valued at $7,390,000. Dimensional Fund Advisors LP boosted its stake in shares of Hibbett Sports by 25.2% in the first quarter. Dimensional Fund Advisors LP now owns 800,637 shares of the company’s stock valued at $23,619,000 after buying an additional 161,035 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hibbett Sports by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,004,952 shares of the company’s stock valued at $59,147,000 after buying an additional 140,569 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Hibbett Sports during the first quarter valued at $3,342,000.
Hibbett Sports, Inc. (NASDAQ:HIBB) opened at 11.65 on Wednesday. The firm’s 50-day moving average price is $17.42 and its 200-day moving average price is $24.67. The firm has a market cap of $241.92 million, a P/E ratio of 4.77 and a beta of 0.71. Hibbett Sports, Inc. has a 52-week low of $11.55 and a 52-week high of $45.85.
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 Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $275.70 million during the quarter, compared to the consensus estimate of $275.49 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Equities research analysts expect that Hibbett Sports, Inc. will post $1.76 EPS for the current year.
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Several analysts have weighed in on HIBB shares. Robert W. Baird reissued a “neutral” rating and set a $15.00 price objective (down from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Feltl & Co. raised Hibbett Sports from a “hold” rating to a “buy” rating in a report on Monday, May 22nd. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, July 24th. Forward View cut Hibbett Sports from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Finally, BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently 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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