Monness Crespi & Hardt Reaffirms Neutral Rating for Hibbett (NASDAQ:HIBB)

Monness Crespi & Hardt reaffirmed their neutral rating on shares of Hibbett (NASDAQ:HIBB) in a research note released on Tuesday, Benzinga reports.

A number of other equities analysts also recently commented on the stock. Telsey Advisory Group raised their target price on shares of Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a research note on Tuesday. B. Riley raised 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. Finally, 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. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $76.79.

Hibbett Stock Up 0.1 %

NASDAQ:HIBB opened at $86.15 on Tuesday. The company has a market cap of $1.02 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.41 and a beta of 1.75. Hibbett has a fifty-two week low of $34.86 and a fifty-two week high of $86.70. The firm’s 50 day moving average is $75.17 and its two-hundred day moving average is $66.19.

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

Hibbett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, March 20th. Hibbett’s payout ratio is 12.21%.

Institutional Inflows and Outflows

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

About Hibbett

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.