Hibbett, Inc. (NASDAQ:HIBB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Hibbett, Inc. (NASDAQ:HIBBFree Report) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 112,185 shares of the company’s stock after selling 40,945 shares during the quarter. American Century Companies Inc.’s holdings in Hibbett were worth $5,330,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Hibbett by 138.7% in the 1st quarter. Quarry LP now owns 678 shares of the company’s stock worth $40,000 after acquiring an additional 394 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Hibbett in the 4th quarter worth approximately $47,000. Acadian Asset Management LLC acquired a new position in shares of Hibbett in the 1st quarter worth approximately $50,000. Amundi lifted its holdings in Hibbett by 15.2% during the 4th quarter. Amundi now owns 1,222 shares of the company’s stock worth $87,000 after buying an additional 161 shares in the last quarter. Finally, FMR LLC lifted its holdings in Hibbett by 32.0% during the 3rd quarter. FMR LLC now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 305 shares in the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.

Hibbett Trading Up 1.3 %

Shares of HIBB opened at $72.61 on Wednesday. Hibbett, Inc. has a twelve month low of $34.86 and a twelve month high of $83.00. The firm’s fifty day simple moving average is $72.33 and its 200-day simple moving average is $61.68. The firm has a market capitalization of $854.76 million, a price-to-earnings ratio of 8.87, a PEG ratio of 1.17 and a beta of 1.77.

Hibbett (NASDAQ:HIBBGet Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating 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 business had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. During the same period last year, the business earned $2.91 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Hibbett, Inc. will post 8.3 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Wednesday, March 20th. Hibbett’s dividend payout ratio (DPR) is 12.21%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HIBB. Williams Trading reiterated a “hold” rating and set a $73.00 target price on shares of Hibbett in a report on Monday, March 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $74.00 target price (down from $82.00) on shares of Hibbett in a report on Monday, March 18th. Monness Crespi & Hardt increased their target price on shares of Hibbett from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, B. Riley increased their target price on shares of Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.86.

View Our Latest Research Report on HIBB

Hibbett Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HIBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hibbett, Inc. (NASDAQ:HIBBFree Report).

Institutional Ownership by Quarter for Hibbett (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett and related companies with MarketBeat.com's FREE daily email newsletter.