Millennium Management LLC reduced its position in shares of Hibbett Sports, Inc. (NASDAQ:HIBB) by 69.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,586 shares of the company’s stock after selling 350,894 shares during the quarter. Millennium Management LLC’s holdings in Hibbett Sports were worth $2,168,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its stake in shares of Hibbett Sports by 464.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,713 shares of the company’s stock valued at $38,000 after purchasing an additional 2,232 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Hibbett Sports during the 4th quarter valued at about $70,000. NumerixS Investment Technologies Inc bought a new stake in shares of Hibbett Sports during the 4th quarter valued at about $82,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Hibbett Sports during the 4th quarter valued at about $101,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Hibbett Sports by 407.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,583 shares of the company’s stock valued at $108,000 after purchasing an additional 6,090 shares during the period.
HIBB stock opened at $19.96 on Wednesday. Hibbett Sports, Inc. has a twelve month low of $13.08 and a twelve month high of $29.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 2.12. The stock has a market cap of $364.99 million, a PE ratio of 11.28, a P/E/G ratio of 4.72 and a beta of 0.77.
A number of equities research analysts have issued reports on the company. BidaskClub downgraded Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Canaccord Genuity set a $22.00 price target on Hibbett Sports and gave the company a “hold” rating in a research note on Monday, March 25th. Susquehanna Bancshares upgraded Hibbett Sports from a “neutral” rating to a “positive” rating and boosted their price target for the company from $20.00 to $27.00 in a research note on Monday, March 25th. Robert W. Baird boosted their price target on Hibbett Sports from $16.00 to $23.00 and gave the company a “positive” rating in a research note on Friday, March 22nd. Finally, Consumer Edge downgraded Hibbett Sports from an “overweight” rating to an “equal weight” rating and set a $18.54 price target for the company. in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.75.
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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