Hibbett Sports, Inc. (HIBB) Shares Bought by First Quadrant L P CA

First Quadrant L P CA grew its stake in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 195.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 99,372 shares of the company’s stock after buying an additional 65,725 shares during the period. First Quadrant L P CA owned approximately 0.48% of Hibbett Sports worth $1,416,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HIBB. JPMorgan Chase & Co. raised its position in shares of Hibbett Sports by 7.5% during the first 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 last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Hibbett Sports by 52.0% during the second 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 last quarter. UBS Group AG raised its position in shares of Hibbett Sports by 135.8% during the first 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 last quarter. Voya Investment Management LLC raised its position in shares of Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock valued at $249,000 after buying an additional 1,278 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Hibbett Sports by 1.4% during the second 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 last quarter.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $190.31 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was down 9.1% on a year-over-year basis.

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In other news, Director Michael J. Newsome bought 10,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $12.13 per share, for a total transaction of $121,300.00. Following the transaction, the director now owns 44,924 shares of the company’s stock, valued at $544,928.12. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of $11.95 per share, with a total value of $29,875.00. Following the completion of the transaction, the chief executive officer now directly owns 82,703 shares in the company, valued at approximately $988,300.85. The disclosure for this purchase can be found here. Insiders acquired a total of 25,500 shares of company stock valued at $312,595 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

A number of brokerages have recently commented on HIBB. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Hibbett Sports in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $13.00 price objective on shares of Hibbett Sports in a research report on Tuesday, October 17th. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Susquehanna Bancshares Inc raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating and upped their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, September 20th. Finally, UBS AG raised shares of Hibbett Sports from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.06.

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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Institutional Ownership by Quarter for Hibbett Sports (NASDAQ:HIBB)

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