Hibbett, Inc. (NASDAQ:HIBB) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. decreased its stake in shares of Hibbett, Inc. (NASDAQ:HIBB – Get Rating) by 22.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,288 shares of the company’s stock after selling 664 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Hibbett were worth $114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its stake in shares of Hibbett by 68.6% in the third quarter. SummerHaven Investment Management LLC now owns 16,802 shares of the company’s stock worth $837,000 after acquiring an additional 6,839 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Hibbett in the second quarter worth $787,000. Skylands Capital LLC increased its stake in shares of Hibbett by 4.4% in the second quarter. Skylands Capital LLC now owns 171,425 shares of the company’s stock worth $7,493,000 after acquiring an additional 7,300 shares during the period. Bronte Capital Management Pty Ltd. increased its stake in shares of Hibbett by 143.7% in the second quarter. Bronte Capital Management Pty Ltd. now owns 379,019 shares of the company’s stock worth $16,567,000 after acquiring an additional 223,494 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Hibbett by 3.0% in the second quarter. State of Alaska Department of Revenue now owns 9,220 shares of the company’s stock worth $403,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 97.94% of the company’s stock.

Hibbett Stock Up 1.0 %

HIBB opened at $72.77 on Monday. The company has a market cap of $926.22 million, a price-to-earnings ratio of 9.16, a PEG ratio of 1.76 and a beta of 1.65. Hibbett, Inc. has a 52-week low of $39.58 and a 52-week high of $75.38. The firm’s fifty day simple moving average is $66.35 and its two-hundred day simple moving average is $58.31.

Hibbett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Thursday, December 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, December 7th. Hibbett’s payout ratio is 12.59%.

Wall Street Analysts Forecast Growth

HIBB has been the topic of a number of research reports. TheStreet upgraded shares of Hibbett from a “c+” rating to a “b-” rating in a research note on Tuesday, December 13th. Bank of America upgraded shares of Hibbett from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, October 25th. StockNews.com began coverage on shares of Hibbett in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Robert W. Baird raised their price target on shares of Hibbett from $70.00 to $75.00 in a research report on Tuesday, November 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Hibbett Company Profile

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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.