Dimensional Fund Advisors LP lifted its stake in Hibbett Sports, Inc. (NASDAQ:HIBB) by 63.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,312,080 shares of the company’s stock after acquiring an additional 511,443 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.32% of Hibbett Sports worth $27,226,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HIBB. JPMorgan Chase & Co. increased its position in shares of Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after acquiring an additional 291 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in 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 worth $161,000 after buying an additional 2,650 shares during the last quarter. UBS Group AG increased its position in Hibbett Sports by 135.8% during the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock worth $188,000 after buying an additional 3,674 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after buying an additional 170 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Hibbett Sports by 17.8% during the second quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock worth $285,000 after buying an additional 2,075 shares during the last quarter.
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Shares of Hibbett Sports, Inc. (NASDAQ HIBB) opened at $13.15 on Friday. The firm has a market cap of $265.99 million, a P/E ratio of 6.41, a P/E/G ratio of 1.24 and a beta of 0.72.
Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a return on equity of 13.38% and a net margin of 4.68%. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. analysts anticipate that Hibbett Sports, Inc. will post 1.3 EPS for the current fiscal year.
Several equities analysts have recently commented on HIBB shares. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 24th. Sidoti upgraded Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. TheStreet downgraded shares of Hibbett Sports from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. Finally, Robert W. Baird set a $10.00 price target on shares of Hibbett Sports and gave the stock a “hold” rating in a report on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Hibbett Sports presently has an average rating of “Hold” and an average target price of $21.06.
In other news, Director Ralph T. Parks bought 10,000 shares of the stock in a transaction dated Friday, September 1st. The stock was bought at an average cost of $12.59 per share, with a total value of $125,900.00. Following the purchase, the director now owns 22,802 shares of the company’s stock, valued at $287,077.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffry O. Rosenthal bought 2,500 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average cost of $11.95 per share, with a total value of $29,875.00. Following the completion of the purchase, 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.
About Hibbett Sports
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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