Dynamic Technology Lab Private Ltd adds Hibbett Sports (HIBB) to its portfolio

Hibbett Sports (HIBB) : Dynamic Technology Lab Private Ltd added new position in Hibbett Sports during the most recent quarter end. The investment management firm now holds 45,648 shares of Hibbett Sports which is valued at $1,754,709 , the company said in a statement filed on Aug 10, 2016 with the SEC.Hibbett Sports makes up approximately 0.45% of Dynamic Technology Lab Private Ltd’s portfolio.

Other Hedge Funds, Including , Renaissance Group sold out all of its stake in HIBB during the most recent quarter. The investment firm sold 7,477 shares of HIBB which is valued $287,416. Airain Ltd sold out all of its stake in HIBB during the most recent quarter. The investment firm sold 16,889 shares of HIBB which is valued $600,742.Boston Partners reduced its stake in HIBB by selling 380,095 shares or 54.76% in the most recent quarter. The Hedge Fund company now holds 314,021 shares of HIBB which is valued at $11,169,727. Hibbett Sports makes up approx 0.02% of Boston Partners’s portfolio.Hood River Capital Management boosted its stake in HIBB in the latest quarter, The investment management firm added 130,410 additional shares and now holds a total of 264,666 shares of Hibbett Sports which is valued at $9,242,137. Hibbett Sports makes up approx 1.12% of Hood River Capital Management’s portfolio.Gw&k Investment Management reduced its stake in HIBB by selling 78,371 shares or 8.77% in the most recent quarter. The Hedge Fund company now holds 815,472 shares of HIBB which is valued at $29,242,826. Hibbett Sports makes up approx 0.59% of Gw&k Investment Management’s portfolio.

Hibbett Sports opened for trading at $36 and hit $39.37 on the upside on Friday, eventually ending the session at $38.18, with a gain of 0.61% or 0.23 points. The heightened volatility saw the trading volume jump to 13,06,045 shares. Company has a market cap of $854 M.

On the company’s financial health, Hibbett Sports reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 19, 2016. Analyst had a consensus of $0.28. The company had revenue of $206.90 million for the quarter, compared to analysts expectations of $209.39 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 $0.28 EPS.

Many Wall Street Analysts have commented on Hibbett Sports. Susquehanna Initiated Hibbett Sports on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $45.Hibbett Sports was Resumed by Stifel to “Hold” on Jun 24, 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.

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