Broadview Advisors buys $22,578,255 stake in Hibbett Sports (HIBB)

Hibbett Sports (HIBB) : Broadview Advisors scooped up 15,200 additional shares in Hibbett Sports during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 492,975 shares of Hibbett Sports which is valued at $22,578,255.Hibbett Sports makes up approximately 3.13% of Broadview Advisors’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in HIBB by selling 1,400 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 88,223 shares of HIBB which is valued at $4,040,613. Hibbett Sports makes up approx 0.03% of Brandywine Global Investment Management’s portfolio.Comerica Bank reduced its stake in HIBB by selling 49 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 22,974 shares of HIBB which is valued at $975,246. Hibbett Sports makes up approx 0.01% of Comerica Bank’s portfolio.Ftb Advisors boosted its stake in HIBB in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 353 shares of Hibbett Sports which is valued at $13,714.

Hibbett Sports closed down -4.9 points or -10.82% at $40.4 with 21,30,093 shares getting traded on Monday. Post opening the session at $39.15, the shares hit an intraday low of $37.8 and an intraday high of $41.125 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Hibbett Sports reported $0.66 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Nov 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $237.00 million for the quarter, compared to analysts expectations of $237.17 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Hibbett Sports. Hibbett Sports was Downgraded by Sidoti to ” Neutral” on Nov 18, 2016.

Hibbett Sports Inc. operates sporting goods stores in small to mid-sized markets predominantly in the South Southwest Mid-Atlantic and Midwest regions of the United States. The Company operates around 988 retail stores in 31 states consisting of approximately 969 Hibbett Sports stores and around 19 Sports Additions athletic shoe stores. The Company’s primary retail format is Hibbett Sports an approximately 5000-square-foot store located primarily in strip centers. The Company sells merchandise of various brands such as Nike Under Armour Reebok adidas Easton and The North Face. The Company’s Hibbett Sports stores offer a range of brand name merchandise and its Sports Additions stores offer a range of fashion-based merchandise. Hibbett Team Sales Inc. a wholly owned subsidiary of the Company is a supplier of customized athletic apparel equipment and footwear primarily to school athletic programs in Alabama and parts of Georgia Florida and Mississippi.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Hibbett Sports - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hibbett Sports. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.