Fidelity Management & Research Co.. has recently announced that it has increased stake in Hibbett Sports Inc. (NASDAQ:HIBB) by 3.68%. After grabbing 1.7 million shares, the institutional investor is now in possession of 60180.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.27% having worth around $39.36 million. Moreover, GMT Capital Corp. increased its share by 0.23 million to have a control over 1.28 million shares. And The Vanguard Group, Inc. raised its holdings to 13204.0 shares by acquiring 1.15 million shares or 6.96% of the stake.
Hibbett Sports Inc. (HIBB) concluded trading on 08/26/20 at a closing price of $29.46, with 1.33 million shares of worth about $39.29 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 14.85% during that period and on Wednesday the price saw a gain of about 12.02%. Currently the company’s common shares owned by public are about 16.55M shares, out of which, 16.32M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the HIBB stock and their offered price forecasts bring an average price target of $29.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $36.00 and could fall to a lowest price of $19.00. Analysts also issued an outlook of 2.60 for the Hibbett Sports Inc. stock for next 12 months. The stock’s current price level is 0.14% above of average price target set by the analysts, while a rise to estimated low would result in loss of -55.05 for the stock. However, touching the estimated high of $36.00 would mean a gain of 18.17% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 71,794 shares in 29 of the transactions. In 18 selling transactions, insiders dumped 41,938 shares.
Fidelity Series Intrinsic Opportu, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Hibbett Sports Inc. Fidelity Series Intrinsic Opportu is currently holding 1.35 million shares of worth totaling $31.31 million. The company recently came buying 0.2 million shares which brought its stake up to 8.17% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 3654.0 shares, after which its hold over company’s outstanding shares expand to 6.20%, leaving 1.03 million shares with the mutual fund that have a worth of about $23.77 million. Vanguard Total Stock Market Index, after selling 0.47 million shares, have now control over 2.85% of the stake in the company. It holds 26600.0 shares of worth $10.93 million.
Hibbett Sports Inc. (NASDAQ: HIBB) started trading at $27.99, above $1.69 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $29.46, or with a gain of 12.02%. Stock saw a price change of 14.85% in past 5 days and over the past one month there was a price change of 19.71%. Year-to-date (YTD), HIBB shares are showing a performance of 5.06% which increased to 73.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.33 but also hit the highest price of $30.98 during that period. While comparing its average daily trading volume of 433.30K shares, we see that about 1.33 million changed hands on the day. The stock is currently trading 16.73% above its 20-day simple moving average (SMA20), while that difference is up 25.55% for SMA50 and it goes to 38.33% higher than SMA200.
Fidelity Management & Research Co.. acquired 1.7 million shares of Hibbett Sports Inc. having value of about $39.36 million. Data submitted at the U.S SEC by Fidelity Management & Research Co.. revealed that the firm now holds 60180.0 shares in the company valued at close to $1772902.8, or have control over 3.68% stake in the company. Hibbett Sports Inc. (NASDAQ: HIBB) currently have 16.55M outstanding shares and institutions hold larger chunk of about 95.00% of that. Holding of mutual funds in the company is about 59.18% while other institutional holders and individual stake holders have control over 69.96% and 2.95% of the stake respectively.
The stock has a current market capitalization of $483.14M and its 3Y-monthly beta is at 1.61. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIBB, volatility over the week remained 6.03% while standing at 4.87% over the month.
Analysts are in expectations that Hibbett Sports Inc. (HIBB) stock would likely to be making an EPS of $1.15 in the current quarter, while forecast for next quarter ESPS is $0.3 and it is $2.58 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.44 which is $2.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.90% while it is estimated to increase by 9.30% in next year. EPS is likely to grow at an annualized rate of 7.20% for next 5-years, compared to annual growth of -11.90% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Hibbett Sports Inc. (HIBB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on July 02, 2020 offering a Buy rating for the stock and assigned a target price range of between $10 and $30 to it. Coverage by Susquehanna stated Hibbett Sports Inc. (HIBB) stock as a Positive in their note to investors on May 27, 2020, suggesting a price target of for the stock. On March 23, 2020, Susquehanna Downgrade their recommendations, while on August 26, 2019, BofA/Merrill Reiterated their ratings for the stock with a price target of $14. Stock get a Positive rating from Susquehanna on March 25, 2019.