Wedge Capital Management L L P NC increased its stake in Hibbett Sports, Inc. (NASDAQ:HIBB) by 32.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,465 shares of the company’s stock after purchasing an additional 9,283 shares during the quarter. Wedge Capital Management L L P NC owned about 0.20% of Hibbett Sports worth $704,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Hibbett Sports by 9.0% in the second quarter. BlackRock Inc. now owns 2,815,369 shares of the company’s stock worth $64,470,000 after purchasing an additional 233,090 shares during the period. FMR LLC lifted its holdings in Hibbett Sports by 4.6% in the 2nd quarter. FMR LLC now owns 1,336,962 shares of the company’s stock valued at $30,617,000 after acquiring an additional 59,200 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Hibbett Sports by 35.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 690,596 shares of the company’s stock valued at $12,983,000 after acquiring an additional 180,412 shares during the last quarter. Millennium Management LLC lifted its holdings in Hibbett Sports by 2,591.2% in the 2nd quarter. Millennium Management LLC now owns 415,043 shares of the company’s stock valued at $9,504,000 after acquiring an additional 399,621 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Hibbett Sports by 9.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 397,537 shares of the company’s stock valued at $9,104,000 after acquiring an additional 33,951 shares during the last quarter.

NASDAQ HIBB opened at $18.98 on Friday. The stock has a market cap of $349.97 million, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.41 and a beta of 0.63. Hibbett Sports, Inc. has a 1 year low of $13.40 and a 1 year high of $29.60.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). The company had revenue of $211.10 million for the quarter, compared to analyst estimates of $215.55 million. Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. Hibbett Sports’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Equities analysts expect that Hibbett Sports, Inc. will post 1.66 earnings per share for the current year.

A number of brokerages have weighed in on HIBB. ValuEngine downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. BidaskClub raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday. Susquehanna Bancshares downgraded shares of Hibbett Sports from a “positive” rating to a “neutral” rating and cut their price target for the company from $25.00 to $15.00 in a report on Thursday, October 25th. Zacks Investment Research downgraded shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a report on Friday, October 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $31.00 price target on shares of Hibbett Sports in a report on Friday, August 17th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.54.

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Hibbett Sports Profile

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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

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