Hibbett’s (HIBB) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Hibbett (NASDAQ:HIBB) in a research note published on Wednesday, Benzinga reports.

HIBB has been the subject of a number of other reports. Telsey Advisory Group lifted their price target on shares of Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a research report on Tuesday, April 23rd. Williams Trading restated a hold rating and set a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. B. Riley increased their price target on Hibbett from $60.00 to $70.00 and gave the company a neutral rating in a research note on Monday, March 18th. Finally, Monness Crespi & Hardt reiterated a neutral rating on shares of Hibbett in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $76.79.

Hibbett Stock Performance

Hibbett stock opened at $86.15 on Wednesday. Hibbett has a 52 week low of $34.86 and a 52 week high of $86.70. The stock has a market capitalization of $1.02 billion, a P/E ratio of 10.52, a PEG ratio of 1.41 and a beta of 1.75. The stock has a 50-day simple moving average of $75.17 and a 200 day simple moving average of $66.31.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. During the same quarter in the previous year, the company posted $2.91 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Hibbett will post 8.19 earnings per share for the current year.

Hibbett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 20th. Hibbett’s dividend payout ratio is currently 12.21%.

Hedge Funds Weigh In On Hibbett

Several hedge funds and other institutional investors have recently modified their holdings of HIBB. GAMMA Investing LLC purchased a new stake in Hibbett in the fourth quarter worth about $28,000. AJOVista LLC purchased a new stake in shares of Hibbett during the fourth quarter valued at approximately $75,000. Stonegate Investment Group LLC purchased a new stake in shares of Hibbett during the first quarter valued at approximately $203,000. Virtu Financial LLC purchased a new stake in shares of Hibbett during the fourth quarter valued at approximately $201,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of Hibbett during the fourth quarter valued at approximately $209,000. 94.08% of the stock is owned by institutional investors.

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.