Virtu Financial LLC Makes New $201,000 Investment in Hibbett, Inc. (NASDAQ:HIBB)

Virtu Financial LLC bought a new stake in shares of Hibbett, Inc. (NASDAQ:HIBB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,792 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in shares of Hibbett in the fourth quarter worth about $1,654,000. Seven Eight Capital LP bought a new stake in Hibbett in the fourth quarter valued at approximately $557,000. Alpha DNA Investment Management LLC purchased a new stake in shares of Hibbett during the fourth quarter valued at approximately $482,000. Harvest Investment Services LLC bought a new position in shares of Hibbett in the fourth quarter worth approximately $434,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Hibbett in the fourth quarter worth $382,000. Hedge funds and other institutional investors own 94.08% of the company’s stock.

Analysts Set New Price Targets

HIBB has been the subject of several analyst reports. Benchmark reissued a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Williams Trading reissued a “hold” rating and issued a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. StockNews.com initiated coverage on Hibbett in a research report on Thursday. They set a “hold” rating for the company. B. Riley increased their price objective on Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird reissued a “neutral” rating and set a $87.50 target price (up from $80.00) on shares of Hibbett in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Hibbett presently has an average rating of “Hold” and a consensus price target of $76.79.

Hibbett Stock Performance

Hibbett stock opened at $86.88 on Monday. Hibbett, Inc. has a fifty-two week low of $34.96 and a fifty-two week high of $87.39. The stock’s 50 day simple moving average is $84.67 and its two-hundred day simple moving average is $76.02. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.52 and a beta of 1.77.

Hibbett (NASDAQ:HIBB) last released its quarterly earnings results on Wednesday, June 5th. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The firm had revenue of $447.20 million for the quarter, compared to the consensus estimate of $452.94 million. Hibbett had a net margin of 5.80% and a return on equity of 24.15%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 earnings per share. On average, analysts predict that Hibbett, Inc. will post 8.19 earnings per share for the current year.

Hibbett Profile

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.