Hibbett Sports, Inc. (HIBB) loses confidence of 35 hedge fund managers

Hibbett Sports, Inc. (NASDAQ:HIBB) is on recovery track with 57.98% gain from a 1-year low price of $9.40. The company added 5.69% to attain the price of $14.85 on 11/16/2017. Throughout the recent session, the prices were hovering between $14.05 and $15.05. These shares are -23.97% up from its target price of $11.29 and the current market capitalization stands at $302.79M. The recent change has given its price a 9.57% lead over SMA 50 and -67.47% deficit over its 52-week high. The stock witnessed 10.41% gains, 36.24% gains and -37.74% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HIBB’s volatility during a week at 4.86% and during a month it has been found around 4.69%.

Hibbett Sports, Inc. (HIBB) Top Holders

Institutional investors currently hold around $309 million or 95% in HIBB stock. Look at its top three institutional owners. Blackrock Inc. owns $39.31 million in Hibbett Sports, Inc., which represents roughly 12.98% of the company’s market cap and approximately 12.72% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,522,086 shares of the stock are valued at $21.39 million. The third largest holder is Fmr Llc, which currently holds $17.93 million worth of this stock and that ownership represents nearly 5.92% of its market capitalization.

Hibbett Sports, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 89 institutional holders increased their position in Hibbett Sports, Inc. (NASDAQ:HIBB) by some 4,324,047 shares, 84 decreased positions by 7,428,533 and 25 held positions by 10,208,143. That puts total institutional holdings at 21,960,723 shares, according to SEC filings. The stock grabbed 23 new institutional investments totaling 1,395,190 shares while 35 institutional investors sold out their entire positions totaling 2,364,469 shares.

Hibbett Sports, Inc. (NASDAQ:HIBB) Insider Trades

Multiple company employees have indulged in significant insider trading. Hibbett Sports, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Parks Ralph T has acquired 10,000 shares of Hibbett Sports, Inc. (HIBB) in trading session dated Sep. 01, 2017. These shares are worth $125,900 and were traded at $12.59 each. The SEC filing shows that Bowman Scott Justin performed a purchase of 3,000 shares. The Senior Vice President and CFO added these shares by way of transaction on Aug. 30, 2017. The company’s shares were assimilated at $11.84 per share worth to an investment of some $35,520 on account of Bowman Scott Justin.

CEO and President, Rosenthal Jeffry O, purchased 2,500 common shares of Hibbett Sports, Inc. (HIBB) in the open market. In a transaction dated Aug. 30, 2017, the shares were bought at an average price of $11.95, giving away a sum of $29,875. After this purchase, 82,703 common shares of HIBB are directly owned by the insider, with total stake valued at $1,228,140.

In the transaction dated Aug. 25, 2017, the great number of shares acquired came courtesy the Director; Newsome Michael J added a total of 10,000 shares at an average price of $12.13, amounting to approximately $121,300. The insider now directly owns 44,924 shares worth $667,121.

Hibbett Sports, Inc. (HIBB) Analyst Guide

Several analysts have released their opinion on Hibbett Sports, Inc. (NASDAQ:HIBB), with 2 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.91 average brokerage recommendation.

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