Shares of Hibbett, Inc. (NASDAQ:HIBB – Get Free Report) have received an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $58.33.
A number of research analysts recently weighed in on HIBB shares. B. Riley raised their price objective on Hibbett from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Bank of America lifted their target price on Hibbett from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Sunday, August 27th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Hibbett in a report on Monday, August 28th. Williams Trading raised Hibbett from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Finally, Robert W. Baird lifted their target price on Hibbett from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, August 25th.
Hibbett Stock Up 3.7 %
Hibbett (NASDAQ:HIBB – Get Free Report) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Hibbett had a return on equity of 29.34% and a net margin of 6.43%. The company had revenue of $374.90 million during the quarter, compared to analyst estimates of $375.96 million. During the same quarter last year, the company earned $1.86 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, research analysts expect that Hibbett will post 7.31 earnings per share for the current fiscal year.
Hibbett Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, September 7th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. Hibbett’s dividend payout ratio (DPR) is currently 11.85%.
Hedge Funds Weigh In On Hibbett
A number of institutional investors and hedge funds have recently modified their holdings of HIBB. JPMorgan Chase & Co. boosted its stake in shares of Hibbett by 98.6% in the 1st quarter. JPMorgan Chase & Co. now owns 226,705 shares of the company’s stock worth $10,053,000 after buying an additional 112,526 shares during the last quarter. HighTower Advisors LLC lifted its position in Hibbett by 3.9% during the first quarter. HighTower Advisors LLC now owns 10,427 shares of the company’s stock valued at $462,000 after purchasing an additional 395 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Hibbett during the first quarter valued at $50,000. MetLife Investment Management LLC lifted its position in Hibbett by 15.6% during the first quarter. MetLife Investment Management LLC now owns 6,500 shares of the company’s stock valued at $288,000 after purchasing an additional 876 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Hibbett by 153.0% during the first quarter. Sei Investments Co. now owns 13,514 shares of the company’s stock valued at $599,000 after purchasing an additional 8,172 shares in the last quarter. 94.08% of the stock is currently owned by hedge funds and other institutional investors.
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.
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