Hibbett (NASDAQ:HIBB) Now Covered by StockNews.com

StockNews.com began coverage on shares of Hibbett (NASDAQ:HIBB) in a report published on Friday. The brokerage issued a hold rating on the stock.

Other analysts have also issued reports about the stock. Telsey Advisory Group boosted their price objective on shares of Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a report on Tuesday, April 23rd. Monness Crespi & Hardt restated a neutral rating on shares of Hibbett in a report on Tuesday, April 23rd. Benchmark reaffirmed 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 report on Monday, March 18th. Finally, Robert W. Baird restated a neutral rating and set a $87.50 price target (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $76.79.

Hibbett Stock Up 0.1 %

Shares of HIBB stock traded up $0.10 during trading hours on Friday, hitting $86.59. 541,860 shares of the company’s stock were exchanged, compared to its average volume of 761,724. Hibbett has a fifty-two week low of $34.86 and a fifty-two week high of $86.85. The firm has a 50 day moving average of $76.30 and a two-hundred day moving average of $67.53. The firm has a market cap of $1.02 billion, a P/E ratio of 10.57 and a beta of 1.72.

Hibbett (NASDAQ:HIBB) last issued its earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. During the same period in the prior year, the business earned $2.91 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Hibbett will post 8.19 earnings per share for the current fiscal year.

Hibbett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Investors Weigh In On Hibbett

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Hibbett by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock worth $56,558,000 after purchasing an additional 10,226 shares during the last quarter. Bronte Capital Management Pty Ltd. boosted its position in shares of Hibbett by 7.5% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock worth $28,879,000 after acquiring an additional 42,381 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Hibbett by 3.0% in the 3rd quarter. Invesco Ltd. now owns 290,808 shares of the company’s stock valued at $13,816,000 after acquiring an additional 8,456 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hibbett by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock worth $20,433,000 after acquiring an additional 22,471 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Hibbett by 99.1% during the third quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock worth $4,801,000 after purchasing an additional 50,313 shares during the last quarter. Hedge funds and other institutional investors own 94.08% of the company’s stock.

Hibbett Company 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.