Is Hibbett Sports, Inc. (HIBB) A Good Stock To Buy?

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Hibbett Sports, Inc. (NASDAQ:HIBB) was in 9 hedge funds’ portfolios at the end of September. HIBB investors should be aware of a decrease in activity from the world’s largest hedge funds in recent months. There were 13 hedge funds in our database with HIBB holdings at the end of the previous quarter. At the end of this article we will also compare HIBB to other stocks including NutriSystem Inc. (NASDAQ:NTRI), Lydall, Inc. (NYSE:LDL), and HealthStream, Inc. (NASDAQ:HSTM) to get a better sense of its popularity.

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Keeping this in mind, let’s go over the latest action regarding Hibbett Sports, Inc. (NASDAQ:HIBB).

Hedge fund activity in Hibbett Sports, Inc. (NASDAQ:HIBB)

At Q3’s end, a total of 9 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -31% from the second quarter of 2016. On the other hand, there were a total of 18 hedge funds with a bullish position in HIBB at the beginning of this year. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their stakes substantially (or already accumulated large positions).


When looking at the institutional investors followed by Insider Monkey, Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC has the largest position in Hibbett Sports, Inc. (NASDAQ:HIBB), worth close to $9.5 million. The second largest stake is held by Joel Greenblatt of Gotham Asset Management which holds a $4.6 million position. Remaining members of the smart money with similar optimism include Paul Hondros’ AlphaOne Capital Partners, Mark Coe’s Coe Capital Management and Adam Wright and Gary Kohler’s Blue Clay Capital. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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