Hibbett (NASDAQ:HIBB) Earns “Neutral” Rating from Robert W. Baird

Hibbett (NASDAQ:HIBB)‘s stock had its “neutral” rating reissued by Robert W. Baird in a report released on Friday, Benzinga reports. They currently have a $87.50 price target on the stock, up from their prior price target of $80.00. Robert W. Baird’s price target would suggest a potential upside of 1.57% from the company’s previous close.

A number of other research analysts have also commented on HIBB. B. Riley raised their price target on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Hibbett in a report on Wednesday. Williams Trading reaffirmed a “hold” rating and set a $73.00 target price on shares of Hibbett in a report on Monday, March 18th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a report on Tuesday, April 23rd. Finally, Telsey Advisory Group lifted their target price on Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Hibbett presently has an average rating of “Hold” and a consensus price target of $76.79.

Hibbett Stock Performance

Shares of HIBB opened at $86.15 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.75. Hibbett has a one year low of $34.86 and a one year high of $86.70. The stock’s fifty day moving average is $75.17 and its 200-day moving average is $66.31.

Hibbett (NASDAQ:HIBB) last issued its quarterly 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 company had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $2.91 earnings per share. Analysts forecast that Hibbett will post 8.19 EPS for the current fiscal year.

Institutional Trading of Hibbett

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Hibbett by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock worth $56,558,000 after buying an additional 10,226 shares during the period. Bronte Capital Management Pty Ltd. raised its holdings in Hibbett by 7.5% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock worth $28,879,000 after buying an additional 42,381 shares during the period. Invesco Ltd. raised its holdings in Hibbett by 3.0% during the 3rd quarter. Invesco Ltd. now owns 290,808 shares of the company’s stock worth $13,816,000 after buying an additional 8,456 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Hibbett by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock worth $20,433,000 after buying an additional 22,471 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Hibbett by 99.1% during the 3rd quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock worth $4,801,000 after buying an additional 50,313 shares during the period. Institutional investors and hedge funds own 94.08% of the company’s stock.

Hibbett Company Profile

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.