Mackay Shields LLC Grows Stock Position in Hibbett Sports, Inc. (NASDAQ:HIBB)

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Mackay Shields LLC raised its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 43.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,400 shares of the company’s stock after buying an additional 58,000 shares during the quarter. Mackay Shields LLC’s holdings in Hibbett Sports were worth $4,360,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. 6 Meridian raised its stake in Hibbett Sports by 0.9% in the second quarter. 6 Meridian now owns 57,639 shares of the company’s stock valued at $1,049,000 after buying an additional 532 shares during the last quarter. Wakefield Asset Management LLLP increased its holdings in shares of Hibbett Sports by 2.5% in the third quarter. Wakefield Asset Management LLLP now owns 23,764 shares of the company’s stock valued at $544,000 after purchasing an additional 582 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Hibbett Sports by 4.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 17,529 shares of the company’s stock valued at $319,000 after purchasing an additional 750 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of Hibbett Sports by 6.0% in the third quarter. State of Tennessee Treasury Department now owns 18,642 shares of the company’s stock valued at $427,000 after purchasing an additional 1,051 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Hibbett Sports by 0.4% in the second quarter. Northern Trust Corp now owns 239,174 shares of the company’s stock valued at $4,352,000 after purchasing an additional 1,057 shares during the period.

In related news, SVP Jared S. Briskin sold 1,000 shares of Hibbett Sports stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the transaction, the senior vice president now owns 3,508 shares in the company, valued at $91,208. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ronald P. Blahnik acquired 6,125 shares of Hibbett Sports stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $15.84 per share, for a total transaction of $97,020.00. Following the transaction, the senior vice president now owns 14,700 shares of the company’s stock, valued at approximately $232,848. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 13,227 shares of company stock worth $329,221. 2.00% of the stock is currently owned by company insiders.

Hibbett Sports stock traded down $0.71 during midday trading on Friday, hitting $23.68. 374,200 shares of the company were exchanged, compared to its average volume of 684,886. Hibbett Sports, Inc. has a fifty-two week low of $13.08 and a fifty-two week high of $26.40. The firm has a market capitalization of $463.30 million, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.48 and a current ratio of 1.64. The business has a fifty day simple moving average of $22.97 and a two-hundred day simple moving average of $20.07.

Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, August 23rd. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The firm had revenue of $252.40 million for the quarter, compared to the consensus estimate of $255.71 million. During the same quarter last year, the business posted ($0.06) earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts expect that Hibbett Sports, Inc. will post 2.19 earnings per share for the current year.

A number of research analysts have recently weighed in on the company. ValuEngine lowered Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 27th. BidaskClub lowered Hibbett Sports from a “strong-buy” rating to a “buy” rating in a report on Saturday. Susquehanna Bancshares set a $29.00 target price on Hibbett Sports and gave the stock a “buy” rating in a report on Monday, August 26th. Bank of America dropped their target price on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating on the stock in a report on Monday, August 26th. Finally, Robert W. Baird set a $17.00 target price on Hibbett Sports and gave the stock a “hold” rating in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Hibbett Sports currently has an average rating of “Hold” and a consensus target price of $20.26.

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. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

See Also: Roth IRA

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

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