Hibbett, Inc. (NASDAQ:HIBB – Get Rating) – Stock analysts at Telsey Advisory Group reduced their Q1 2023 earnings per share (EPS) estimates for shares of Hibbett in a research report issued on Tuesday, May 24th. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn $3.24 per share for the quarter, down from their prior forecast of $3.56. Telsey Advisory Group currently has a “Outperform” rating and a $65.00 target price on the stock. Telsey Advisory Group also issued estimates for Hibbett’s Q2 2023 earnings at $2.38 EPS, Q3 2023 earnings at $1.96 EPS, Q4 2023 earnings at $1.77 EPS, FY2023 earnings at $9.40 EPS, Q1 2024 earnings at $3.60 EPS, Q2 2024 earnings at $2.53 EPS, Q3 2024 earnings at $2.05 EPS, Q4 2024 earnings at $1.76 EPS and Q4 2024 earnings at $1.76 EPS.
Hibbett (NASDAQ:HIBB – Get Rating) last issued its quarterly earnings results on Friday, March 4th. The company reported $1.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.25. The company had revenue of $383.35 million during the quarter, compared to analyst estimates of $383.87 million. Hibbett had a net margin of 10.31% and a return on equity of 48.53%. Hibbett’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS.
Shares of NASDAQ HIBB opened at $41.57 on Wednesday. The company has a market cap of $546.19 million, a P/E ratio of 3.85, a P/E/G ratio of 1.12 and a beta of 1.89. Hibbett has a 52 week low of $39.58 and a 52 week high of $101.65. The business has a 50-day simple moving average of $45.05 and a two-hundred day simple moving average of $58.88.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Thursday, March 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 16th. Hibbett’s dividend payout ratio (DPR) is 9.27%.
A number of hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new stake in Hibbett in the 4th quarter worth $35,000. Comerica Bank lifted its position in shares of Hibbett by 58.6% in the third quarter. Comerica Bank now owns 24,139 shares of the company’s stock worth $1,959,000 after buying an additional 8,919 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Hibbett during the fourth quarter valued at approximately $1,536,000. Legend Financial Advisors Inc. bought a new position in Hibbett during the third quarter valued at approximately $744,000. Finally, Quantedge Capital Pte Ltd grew its holdings in Hibbett by 28.2% during the 4th quarter. Quantedge Capital Pte Ltd now owns 10,900 shares of the company’s stock valued at $784,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.
Hibbett Company Profile (Get Rating)
Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.
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