Hancock Whitney Corp Cuts Stake in Hibbett Sports, Inc. (NASDAQ:HIBB)

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Hancock Whitney Corp decreased its holdings in Hibbett Sports, Inc. (NASDAQ:HIBB) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,492 shares of the company’s stock after selling 10,109 shares during the period. Hancock Whitney Corp’s holdings in Hibbett Sports were worth $1,780,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HIBB. FinTrust Capital Advisors LLC bought a new stake in Hibbett Sports during the 3rd quarter valued at $41,000. Tower Research Capital LLC TRC raised its holdings in Hibbett Sports by 1,236.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,336 shares of the company’s stock valued at $31,000 after buying an additional 1,236 shares during the last quarter. First Trust Advisors LP raised its holdings in Hibbett Sports by 21.8% during the 3rd quarter. First Trust Advisors LP now owns 40,562 shares of the company’s stock valued at $929,000 after buying an additional 7,272 shares during the last quarter. State Street Corp raised its holdings in Hibbett Sports by 5.4% during the 3rd quarter. State Street Corp now owns 744,029 shares of the company’s stock valued at $17,038,000 after buying an additional 37,831 shares during the last quarter. Finally, Mackay Shields LLC raised its holdings in Hibbett Sports by 43.8% during the 3rd quarter. Mackay Shields LLC now owns 190,400 shares of the company’s stock valued at $4,360,000 after buying an additional 58,000 shares during the last quarter.

Shares of NASDAQ HIBB opened at $23.37 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.40 and a debt-to-equity ratio of 0.55. Hibbett Sports, Inc. has a 12 month low of $14.12 and a 12 month high of $30.98. The firm has a market capitalization of $405.00 million, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $22.99.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.17. Hibbett Sports had a net margin of 2.34% and a return on equity of 12.75%. The business had revenue of $275.50 million during the quarter, compared to analyst estimates of $260.75 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, sell-side analysts predict that Hibbett Sports, Inc. will post 2.45 earnings per share for the current year.

In other Hibbett Sports news, CEO Jeffry O. Rosenthal sold 16,388 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $30.15, for a total value of $494,098.20. Following the completion of the transaction, the chief executive officer now directly owns 48,709 shares in the company, valued at approximately $1,468,576.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jared S. Briskin sold 3,508 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $30.07, for a total transaction of $105,485.56. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on HIBB. BidaskClub lowered shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America upped their price target on shares of Hibbett Sports from $16.00 to $19.00 and gave the company an “underperform” rating in a report on Monday, December 2nd. Robert W. Baird upped their price target on shares of Hibbett Sports and gave the company a “neutral” rating in a report on Friday, November 22nd. ValuEngine upgraded shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Saturday, November 23rd. Finally, Credit Suisse Group upped their price target on shares of Hibbett Sports from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Monday, November 25th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.51.

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. 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: Why does a company issue an IPO?

Want to see what other hedge funds are holding HIBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hibbett Sports, Inc. (NASDAQ:HIBB).

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

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