Hibbett, Inc. (NASDAQ:HIBB) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc trimmed its position in shares of Hibbett, Inc. (NASDAQ:HIBBGet Rating) by 65.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,980 shares of the company’s stock after selling 11,577 shares during the quarter. AdvisorNet Financial Inc’s holdings in Hibbett were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HIBB. Public Sector Pension Investment Board boosted its holdings in Hibbett by 0.8% during the fourth quarter. Public Sector Pension Investment Board now owns 30,655 shares of the company’s stock worth $2,205,000 after buying an additional 240 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Hibbett by 14.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,021 shares of the company’s stock worth $134,000 after buying an additional 390 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Hibbett by 3.9% during the first quarter. HighTower Advisors LLC now owns 10,427 shares of the company’s stock worth $462,000 after buying an additional 395 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Hibbett by 4.8% during the first quarter. SummerHaven Investment Management LLC now owns 9,963 shares of the company’s stock worth $442,000 after buying an additional 452 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in Hibbett by 47.4% during the first quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock worth $75,000 after buying an additional 543 shares in the last quarter. 99.90% of the stock is currently owned by institutional investors and hedge funds.

Hibbett Price Performance

Shares of NASDAQ HIBB opened at $57.61 on Tuesday. The company has a market capitalization of $737.81 million, a PE ratio of 7.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.71. The firm’s 50-day moving average is $53.67 and its two-hundred day moving average is $48.83. Hibbett, Inc. has a 12-month low of $39.58 and a 12-month high of $101.65.

Hibbett (NASDAQ:HIBBGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.30). The firm had revenue of $392.80 million for the quarter, compared to analysts’ expectations of $394.44 million. Hibbett had a net margin of 6.76% and a return on equity of 34.89%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.86 EPS. On average, analysts forecast that Hibbett, Inc. will post 9.77 EPS for the current fiscal year.

Hibbett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Thursday, September 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, September 7th. Hibbett’s payout ratio is 13.02%.

Analyst Ratings Changes

A number of research firms recently commented on HIBB. Seaport Res Ptn raised shares of Hibbett from a “neutral” rating to a “buy” rating in a report on Friday, August 26th. Telsey Advisory Group boosted their price objective on shares of Hibbett from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Finally, Robert W. Baird upped their price target on shares of Hibbett from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.60.

About Hibbett

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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.

See Also

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Institutional Ownership by Quarter for Hibbett (NASDAQ:HIBB)

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