GAMMA Investing LLC Buys New Stake in Hibbett, Inc. (NASDAQ:HIBB)

GAMMA Investing LLC bought a new stake in Hibbett, Inc. (NASDAQ:HIBB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 417 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new position in Hibbett in the 4th quarter valued at $246,000. Arizona State Retirement System acquired a new stake in shares of Hibbett during the 4th quarter worth $250,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after buying an additional 1,654 shares during the last quarter. Kendall Capital Management acquired a new stake in Hibbett in the 3rd quarter valued at $200,000. Finally, Raymond James & Associates purchased a new position in Hibbett in the fourth quarter valued at about $312,000. 94.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIBB has been the topic of several research reports. Monness Crespi & Hardt reissued a “neutral” rating on shares of Hibbett in a research report on Tuesday, April 23rd. Robert W. Baird reissued a “neutral” rating and issued a $87.50 price objective (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. B. Riley raised their price objective on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Benchmark reissued a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Finally, StockNews.com initiated coverage on Hibbett in a research note on Friday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.79.

Hibbett Stock Performance

NASDAQ:HIBB opened at $86.65 on Tuesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.58 and a beta of 1.72. Hibbett, Inc. has a one year low of $34.86 and a one year high of $86.85. The stock has a 50-day simple moving average of $76.30 and a 200 day simple moving average of $67.80.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.01. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $2.91 earnings per share. On average, equities research analysts forecast that Hibbett, Inc. will post 8.19 EPS for the current fiscal year.

Hibbett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. Hibbett’s dividend payout ratio (DPR) is 12.21%.

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.