Wells Fargo & Company MN lessened its position in Hibbett Sports (NASDAQ:HIBB) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,001 shares of the company’s stock after selling 7,018 shares during the quarter. Wells Fargo & Company MN owned about 0.41% of Hibbett Sports worth $1,715,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HIBB. Macquarie Group Ltd. bought a new position in Hibbett Sports in the 3rd quarter worth $204,000. Aperio Group LLC raised its holdings in Hibbett Sports by 26.8% in the 4th quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock worth $324,000 after acquiring an additional 3,364 shares during the period. Janney Montgomery Scott LLC raised its holdings in Hibbett Sports by 51.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock worth $388,000 after acquiring an additional 9,283 shares during the period. Crossmark Global Holdings Inc. bought a new position in Hibbett Sports in the 4th quarter worth $406,000. Finally, Fox Run Management L.L.C. bought a new position in Hibbett Sports in the 4th quarter worth $407,000.
Several research firms have issued reports on HIBB. BidaskClub upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Canaccord Genuity set a $29.00 price target on shares of Hibbett Sports and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Credit Suisse Group raised their price target on shares of Hibbett Sports from $13.50 to $16.50 and gave the stock a “sell” rating in a research report on Monday, March 19th. Finally, Bank of America decreased their price target on shares of Hibbett Sports from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $21.61.
In other news, VP Cathy E. Pryor sold 6,500 shares of Hibbett Sports stock in a transaction dated 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 directly owns 13,300 shares in the company, valued at approximately $300,314. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $28.20, for a total transaction of $141,000.00. Following the sale, the director now owns 16,237 shares in the company, valued at $457,883.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Shares of Hibbett Sports stock opened at $25.90 on Wednesday. The company has a current ratio of 3.00, a quick ratio of 0.81 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 $29.17. The stock has a market cap of $507.57, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, March 16th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.15. Hibbett Sports had a net margin of 3.62% and a return on equity of 10.37%. The business had revenue of $266.70 million for the quarter, compared to analyst estimates of $261.37 million. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. research analysts forecast that Hibbett Sports will post 1.87 earnings per share for the current year.
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About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.
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