Systematic Financial Management LP Has $773,000 Position in Hibbett Sports, Inc. (HIBB)

Systematic Financial Management LP reduced its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,120 shares of the company’s stock after selling 10,220 shares during the quarter. Systematic Financial Management LP owned approximately 0.22% of Hibbett Sports worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in Hibbett Sports in the second quarter valued at $101,000. Martingale Asset Management L P acquired a new position in Hibbett Sports in the second quarter valued at $219,000. Algert Global LLC acquired a new position in Hibbett Sports in the second quarter valued at $356,000. Whittier Trust Co. acquired a new position in Hibbett Sports in the second quarter valued at $1,028,000. Finally, Aperio Group LLC increased its stake in Hibbett Sports by 35.5% in the second quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock valued at $499,000 after purchasing an additional 5,717 shares during the last quarter.

Shares of NASDAQ HIBB opened at $17.21 on Friday. Hibbett Sports, Inc. has a 1-year low of $15.50 and a 1-year high of $29.60. The stock has a market capitalization of $319.35 million, a PE ratio of 10.56, a P/E/G ratio of 1.31 and a beta of 0.63.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, August 24th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.14). Hibbett Sports had a return on equity of 11.04% and a net margin of 3.79%. The company had revenue of $211.10 million during the quarter, compared to the consensus estimate of $215.55 million. During the same quarter last year, the firm earned ($0.15) EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts expect that Hibbett Sports, Inc. will post 1.63 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. ValuEngine downgraded Hibbett Sports from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Susquehanna Bancshares downgraded Hibbett Sports from a “positive” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $15.00 in a research report on Thursday, October 25th. UBS Group downgraded Hibbett Sports from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. Finally, Zacks Investment Research downgraded Hibbett Sports from a “hold” rating to a “strong sell” rating in a research report on Friday, October 5th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.70.

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Hibbett Sports Company 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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