Emerald Acquisition Ltd. acquired a new position in shares of Hibbett Sports Inc. (NASDAQ:HIBB) during the second quarter, Holdings Channel reports. The firm acquired 40,474 shares of the company’s stock, valued at approximately $1,408,000. Emerald Acquisition Ltd. owned approximately 0.18% of Hibbett Sports as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Hibbett Sports during the second quarter worth approximately $135,000. M&T Bank Corp bought a new position in shares of Hibbett Sports during the first quarter worth approximately $218,000. Legal & General Group Plc raised its position in shares of Hibbett Sports by 21.6% in the first quarter. Legal & General Group Plc now owns 6,413 shares of the company’s stock worth $230,000 after buying an additional 1,139 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Hibbett Sports during the second quarter worth approximately $244,000. Finally, Capstone Asset Management Co. raised its position in shares of Hibbett Sports by 1.9% in the second quarter. Capstone Asset Management Co. now owns 7,373 shares of the company’s stock worth $257,000 after buying an additional 140 shares in the last quarter.
Shares of Hibbett Sports Inc. (NASDAQ:HIBB) traded up 1.56% during trading on Wednesday, reaching $40.91. 82,829 shares of the company traded hands. The company has a 50 day moving average price of $39.40 and a 200 day moving average price of $36.19. The firm has a market capitalization of $899.49 million, a price-to-earnings ratio of 13.34 and a beta of 1.06. Hibbett Sports Inc. has a 12-month low of $27.58 and a 12-month high of $41.94.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Hibbett Sports had a net margin of 7.32% and a return on equity of 22.04%. The business earned $206.90 million during the quarter. During the same quarter last year, the firm earned $0.28 EPS. Hibbett Sports’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Hibbett Sports Inc. will post $3.00 EPS for the current year.
A number of research analysts have recently commented on the stock. Forward View reaffirmed a “hold” rating and set a $35.00 price objective on shares of Hibbett Sports in a research report on Sunday, August 14th. B. Riley reissued a “neutral” rating and issued a $42.00 price target on shares of Hibbett Sports in a research report on Saturday, August 27th. Piper Jaffray Cos. dropped their price target on shares of Hibbett Sports from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, BMO Capital Markets dropped their price target on shares of Hibbett Sports from $47.00 to $37.00 and set a “market perform” rating for the company in a research report on Thursday, August 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Hibbett Sports has a consensus rating of “Hold” and an average price target of $38.18.
In other Hibbett Sports news, Director Albert C. Johnson sold 1,000 shares of Hibbett Sports stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $38.81, for a total value of $38,810.00. Following the completion of the sale, the director now owns 4,837 shares in the company, valued at approximately $187,723.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alton E. Yother sold 1,331 shares of Hibbett Sports stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $35.62, for a total transaction of $47,410.22. Following the completion of the sale, the director now owns 1,331 shares of the company’s stock, valued at approximately $47,410.22. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
About Hibbett Sports
Hibbett Sports, Inc operates sporting goods stores in small to mid-sized markets in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. The Company operates approximately 1,040 stores in over 30 states, which consists of approximately 1,020 Hibbett Sports stores and over 20 Sports Additions athletic shoe stores.