Hibbett, Inc. (NASDAQ:HIBB) Receives Consensus Rating of “Hold” from Analysts

Shares of Hibbett, Inc. (NASDAQ:HIBB) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $67.86.

A number of analysts have recently issued reports on HIBB shares. B. Riley boosted their target price on shares of Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Monness Crespi & Hardt boosted their target price on shares of Hibbett from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $74.00 price objective (down from $82.00) on shares of Hibbett in a research note on Monday, March 18th. Finally, Williams Trading reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research note on Monday, March 18th.

Hedge Funds Weigh In On Hibbett

A number of large investors have recently added to or reduced their stakes in the company. Stonegate Investment Group LLC bought a new position in Hibbett in the first quarter worth about $203,000. Fluent Financial LLC acquired a new position in shares of Hibbett during the first quarter valued at about $305,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Hibbett by 9.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,870 shares of the company’s stock valued at $451,000 after acquiring an additional 486 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Hibbett by 3.4% during the first quarter. AdvisorNet Financial Inc now owns 17,982 shares of the company’s stock valued at $1,381,000 after acquiring an additional 593 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Hibbett by 70.3% during the first quarter. Los Angeles Capital Management LLC now owns 6,935 shares of the company’s stock valued at $533,000 after acquiring an additional 2,862 shares in the last quarter. 94.08% of the stock is currently owned by institutional investors.

Hibbett Trading Up 1.9 %

Shares of HIBB opened at $72.49 on Tuesday. The firm has a market capitalization of $855.38 million, a P/E ratio of 8.85, a P/E/G ratio of 1.16 and a beta of 1.75. Hibbett has a 12-month low of $34.86 and a 12-month high of $83.00. The firm has a fifty day moving average price of $74.11 and a 200-day moving average price of $65.36.

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 analysts’ consensus estimates of $2.54 by $0.01. The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 earnings per share. Analysts predict that Hibbett will post 8.21 earnings per share for the current year.

Hibbett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Hibbett’s dividend payout ratio is presently 12.21%.

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.