Trade Report: The Huntington National Bank Continues to Hold Stake in Hibbett Sports Inc. (HIBB)

The Huntington National Bank Continues to Hold Stake in Hibbett Sports Inc. (HIBB)

Huntington National Bank continued to hold its stake in shares of Hibbett Sports Inc. (NASDAQ:HIBB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,977 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Hibbett Sports were worth $146,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Glenmede Trust Co. NA raised its stake in shares of Hibbett Sports by 32.4% in the first quarter. Glenmede Trust Co. NA now owns 17,930 shares of the company’s stock valued at $642,000 after buying an additional 4,383 shares during the period. Aperio Group LLC raised its stake in shares of Hibbett Sports by 32.2% in the first quarter. Aperio Group LLC now owns 10,003 shares of the company’s stock valued at $359,000 after buying an additional 2,435 shares during the period. Nisa Investment Advisors L.L.C. raised its stake in shares of Hibbett Sports by 106.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 13,800 shares of the company’s stock valued at $495,000 after buying an additional 7,100 shares during the period. Prudential Financial Inc. raised its stake in shares of Hibbett Sports by 2.8% in the first quarter. Prudential Financial Inc. now owns 54,857 shares of the company’s stock valued at $1,969,000 after buying an additional 1,500 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of Hibbett Sports by 2.6% in the first quarter. BlackRock Group LTD now owns 32,881 shares of the company’s stock valued at $1,180,000 after buying an additional 820 shares during the period.

Hibbett Sports Inc. (NASDAQ:HIBB) traded up 1.09% during midday trading on Friday, reaching $41.61. 230,987 shares of the company were exchanged. The firm’s 50 day moving average price is $39.62 and its 200-day moving average price is $36.29. Hibbett Sports Inc. has a 52 week low of $27.58 and a 52 week high of $41.94. The stock has a market capitalization of $914.88 million, a P/E ratio of 13.57 and a beta of 1.06.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $206.90 million for the quarter. Hibbett Sports had a net margin of 7.32% and a return on equity of 22.04%. Hibbett Sports’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. Equities analysts forecast that Hibbett Sports Inc. will post $3.00 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Hibbett Sports in a research report on Friday, June 24th. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 25th. B. Riley reiterated a “neutral” rating and issued a $42.00 price target on shares of Hibbett Sports in a research report on Friday, August 12th. Susquehanna assumed coverage on shares of Hibbett Sports in a research report on Friday, August 12th. They issued a “positive” rating and a $45.00 price target for the company. Finally, Forward View reiterated a “hold” rating and issued a $35.00 price target on shares of Hibbett Sports in a research report on Sunday, August 14th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.18.

In other news, Director Albert C. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $38.81, for a total transaction of $38,810.00. Following the sale, the director now owns 4,837 shares of the company’s stock, 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, VP Cathy E. Pryor sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the vice president now directly owns 17,108 shares in the company, valued at approximately $684,320. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.

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