New York State Common Retirement Fund Has $490,000 Holdings in Hibbett Sports, Inc. (HIBB)
New York State Common Retirement Fund lessened its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 88.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,600 shares of the company’s stock after selling 174,591 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Hibbett Sports worth $490,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HIBB. JPMorgan Chase & Co. increased its holdings in Hibbett Sports by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Hibbett Sports by 52.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after buying an additional 2,650 shares during the period. UBS Group AG increased its holdings in Hibbett Sports by 135.8% in the 1st quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after buying an additional 3,674 shares during the period. Thrivent Financial For Lutherans increased its holdings in Hibbett Sports by 1.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after buying an additional 170 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Hibbett Sports by 17.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock valued at $285,000 after buying an additional 2,075 shares during the period.
In other Hibbett Sports news, Director Ralph T. Parks bought 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were bought at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the transaction, the director now owns 22,802 shares in the company, valued at approximately $287,077.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were acquired at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now owns 82,703 shares in the company, valued at approximately $988,300.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 25,500 shares of company stock worth $312,595. Corporate insiders own 1.60% of the company’s stock.
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Hibbett Sports, Inc. (NASDAQ:HIBB) opened at $13.70 on Tuesday. Hibbett Sports, Inc. has a 52-week low of $9.40 and a 52-week high of $45.85. The stock has a market cap of $287.56, a PE ratio of 6.93, a price-to-earnings-growth ratio of 5.01 and a beta of 0.72.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $190.31 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. equities research analysts forecast that Hibbett Sports, Inc. will post 1.3 EPS for the current year.
HIBB has been the topic of several analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Hibbett Sports in a report on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $13.00 target price on shares of Hibbett Sports in a report on Tuesday, October 17th. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Susquehanna Bancshares Inc raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating and upped their target price for the stock from $11.00 to $17.00 in a report on Wednesday, September 20th. Finally, UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.06.
Hibbett Sports 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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