Walthausen & Co. LLC reduced its position in Hibbett Sports, Inc. (NASDAQ:HIBB) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,570 shares of the company’s stock after selling 4,600 shares during the quarter. Walthausen & Co. LLC owned 0.36% of Hibbett Sports worth $1,754,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Hibbett Sports by 1,236.0% in 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 period. Assetmark Inc. boosted its position in shares of Hibbett Sports by 29.1% in the fourth quarter. Assetmark Inc. now owns 3,242 shares of the company’s stock worth $91,000 after buying an additional 731 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Hibbett Sports in the fourth quarter worth about $210,000. Cornerstone Investment Partners LLC purchased a new position in Hibbett Sports in the fourth quarter valued at about $224,000. Finally, Unison Advisors LLC purchased a new position in Hibbett Sports in the fourth quarter valued at about $241,000.
Shares of NASDAQ:HIBB traded up $0.50 during trading on Thursday, reaching $10.98. The stock had a trading volume of 1,361,700 shares, compared to its average volume of 539,637. Hibbett Sports, Inc. has a 52 week low of $7.33 and a 52 week high of $30.98. The business’s 50-day moving average price is $18.87 and its 200 day moving average price is $23.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.59 and a quick ratio of 0.36. The stock has a market capitalization of $180.62 million, a PE ratio of 7.52, a P/E/G ratio of 0.45 and a beta of 0.71.
Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, March 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). Hibbett Sports had a net margin of 2.27% and a return on equity of 12.39%. The firm had revenue of $313.00 million during the quarter, compared to the consensus estimate of $303.63 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Analysts forecast that Hibbett Sports, Inc. will post 1.9 EPS for the current year.
In related news, CEO Michael E. Longo acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of $9.00 per share, for a total transaction of $135,000.00. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $270,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
HIBB has been the topic of several research reports. ValuEngine upgraded Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Tuesday. BidaskClub cut Hibbett Sports from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 7th. Bank of America upped their price objective on Hibbett Sports from $16.00 to $19.00 and gave the company an “underperform” rating in a research note on Monday, December 2nd. Susquehanna Bancshares cut Hibbett Sports from a “positive” rating to a “neutral” rating in a research note on Monday. Finally, Robert W. Baird dropped their price target on Hibbett Sports from $32.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Sell” and an average target price of $20.60.
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.
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