Published: Sat, August 19, 2017
Economy | By Annette Adams

Hibbett Sports, Inc. (NASDAQ:HIBB) Cut to "Sell" at Forward View


23 funds opened positions while 56 raised stakes. Contravisory Management reported 145,563 shares. Fuller Thaler Asset Mgmt reported 51,100 shares. (NASDAQ:HIBB). Td Asset Incorporated holds 20,100 shares or 0% of its portfolio. Cranbrook Wealth Mgmt Ltd reported 1,038 shares. Epoch Inv Prtnrs invested in 0.08% or 563,937 shares. Blackrock Inc. owns $39.57 million in Hibbett Sports, Inc., which represents roughly 16.53% of the company's market cap and approximately 11.6% of the institutional ownership. (NASDAQ:FINL) shares are moving lower ahead of the market open, gapping down -12.26% as the stock now sits at $11.22 before the bell.

COPYRIGHT VIOLATION NOTICE: "Hibbett Sports, Inc". Vanguard Group Inc. raised its position in Hibbett Sports by 7.5% in the first quarter. The Green Valley Investors Llc holds 533,115 shares with $71.48 million value, up from 485,609 last quarter.

DISH Network Corporation (NASDAQ:DISH) exchanged hands 1514355 shares versus average trading capacity of 2.01M shares, while its relative trading volume is 0.75. Teachers Retirement Systems Of The State Of Kentucky has 7,800 shares for 0% of their portfolio. Great West Life Assurance Can accumulated 29,266 shares. Geode Capital Mngmt Limited Liability Corporation reported 0% stake.

Since March 22, 2017, it had 0 insider purchases, and 1 insider sale for $86,549 activity. 3,040 shares were sold by BRISKIN JARED S, worth $86,549. This was revealed in an analyst note on Friday, 18 August. Zacks Investment Research upgraded shares of Hibbett Sports from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a report on Monday, July 24th. Therefore 67% are positive. The company's distance from 52-week high price is -0.18240% and current price is above +4.328% from 52-week low price. On average, analysts expect Hibbett Sports to post $1.76 EPS for the current fiscal year and $1.89 EPS for the next fiscal year. (NASDAQ:HIBB) is seeing declines so far in today's trading session.

A number of brokerages have recently weighed in on HIBB. (NASDAQ:HIBB) has "Neutral" rating given on Monday, August 24 by Piper Jaffray. Ls Inv Advsrs Ltd Co has invested 0% in Hibbett Sports, Inc. The rating was downgraded by Goldman Sachs to "Sell" on Tuesday, March 15. The firm has "Neutral" rating by B. Riley & Co given on Friday, December 18. The third largest holder is Arrowmark Colorado Holdings Llc, which now holds $21.01 million worth of this stock and that ownership represents almost 8.78% of its market capitalization. Barclays Public Limited Com has invested 0% of its portfolio in Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings on August, 18. The company primarily holds a 100% interests in the Lindbergh oil sands property covering an area of 20,800 net acres situated in Calgary, Alberta; and a 90% interests in the Groundbirch property covering an area of 12,536 net acres located in Fort St. John, British Columbia.

During the second quarter, the company repurchased 282,609 shares of common stock for a total expenditure of $6.9 million.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Thursday, May 18th. It has underperformed by 42.77% the S&P500.The move comes after 9 months negative chart setup for the $265.29M company. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.

Euclidean Technologies Management Llc increased Hibbett Sports Inc (HIBB) stake by 21.86% reported in 2016Q4 SEC filing.

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