Wellington Management Group LLP Takes Position in Hibbett, Inc. (NASDAQ:HIBB)

Wellington Management Group LLP purchased a new position in shares of Hibbett, Inc. (NASDAQ:HIBBFree Report) during the third quarter, Holdings Channel.com reports. The fund purchased 60,215 shares of the company’s stock, valued at approximately $2,861,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HIBB. Quarry LP boosted its stake in shares of Hibbett by 138.7% during the 1st quarter. Quarry LP now owns 678 shares of the company’s stock worth $40,000 after acquiring an additional 394 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Hibbett in the 4th quarter worth about $47,000. Acadian Asset Management LLC purchased a new position in Hibbett during the first quarter worth approximately $50,000. FMR LLC grew its holdings in Hibbett by 32.0% in the third quarter. FMR LLC now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 305 shares during the period. Finally, Point72 Hong Kong Ltd increased its position in shares of Hibbett by 47.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock valued at $75,000 after buying an additional 543 shares in the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Research Report on Hibbett

Hibbett Stock Performance

Shares of HIBB stock opened at $75.88 on Thursday. Hibbett, Inc. has a fifty-two week low of $34.86 and a fifty-two week high of $83.00. The stock’s fifty day moving average is $72.57 and its two-hundred day moving average is $61.77. The firm has a market capitalization of $893.11 million, a P/E ratio of 9.26, a PEG ratio of 1.16 and a beta of 1.77.

Hibbett (NASDAQ:HIBBGet Free Report) last issued its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. The business had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.91 earnings per share. On average, equities analysts forecast that Hibbett, Inc. will post 8.3 earnings per share for the current year.

Hibbett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Hibbett’s payout ratio is presently 12.21%.

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.

Further Reading

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.