Bailard Inc. Acquires Shares of 3,526 Hibbett, Inc. (NASDAQ:HIBB)

Bailard Inc. bought a new position in Hibbett, Inc. (NASDAQ:HIBB) during the 4th quarter, HoldingsChannel reports. The fund bought 3,526 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HIBB. Wellington Management Group LLP purchased a new position in Hibbett in the 3rd quarter worth approximately $2,861,000. AQR Capital Management LLC increased its holdings in shares of Hibbett by 99.1% in the 3rd quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock worth $4,801,000 after purchasing an additional 50,313 shares in the last quarter. Boston Partners bought a new stake in shares of Hibbett in the 3rd quarter worth $2,242,000. Bronte Capital Management Pty Ltd. raised its stake in shares of Hibbett by 7.5% in the third quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock worth $28,879,000 after purchasing an additional 42,381 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Hibbett during the third quarter valued at $1,900,000. Institutional investors own 94.08% of the company’s stock.

Hibbett Trading Up 0.1 %

Shares of HIBB stock opened at $86.15 on Monday. Hibbett, Inc. has a 12 month low of $34.86 and a 12 month high of $86.70. The stock has a market cap of $1.02 billion, a P/E ratio of 10.52 and a beta of 1.75. The company has a 50 day simple moving average of $75.17 and a two-hundred day simple moving average of $66.44.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.54 by $0.01. The firm had revenue of $466.60 million during 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%. Hibbett’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. As a group, equities analysts forecast that Hibbett, Inc. will post 8.19 earnings per share for the current year.

Hibbett Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Telsey Advisory Group lifted their price objective on Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a report on Tuesday, April 23rd. Benchmark reissued a “hold” rating on shares of Hibbett in a report on Wednesday, April 24th. Williams Trading restated a “hold” rating and issued a $73.00 target price on shares of Hibbett in a report on Monday, March 18th. Robert W. Baird reaffirmed a “neutral” rating and issued a $87.50 target price (up previously from $80.00) on shares of Hibbett in a research report on Friday. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Hibbett in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.79.

Hibbett 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.