3,689 Shares in Hibbett, Inc. (NASDAQ:HIBB) Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. acquired a new stake in Hibbett, Inc. (NASDAQ:HIBB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,689 shares of the company’s stock, valued at approximately $266,000.

Several other large investors have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund bought a new position in Hibbett during the third quarter valued at about $371,000. Boston Partners bought a new position in shares of Hibbett during the 3rd quarter valued at approximately $2,242,000. Trexquant Investment LP purchased a new stake in shares of Hibbett during the 3rd quarter worth approximately $1,685,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Hibbett by 15.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 261,243 shares of the company’s stock worth $12,412,000 after purchasing an additional 34,200 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Hibbett by 46.4% in the fourth quarter. SG Americas Securities LLC now owns 8,822 shares of the company’s stock valued at $635,000 after purchasing an additional 2,796 shares during the last quarter. 94.08% of the stock is owned by hedge funds and other institutional investors.

Hibbett Trading Up 0.6 %

Hibbett stock opened at $86.68 on Thursday. Hibbett, Inc. has a 1-year low of $34.86 and a 1-year high of $86.88. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.58 and a beta of 1.72. The firm’s 50 day simple moving average is $76.71 and its 200 day simple moving average is $68.47.

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

Hibbett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. Hibbett’s payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HIBB shares. B. Riley boosted their target price on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. Benchmark reiterated a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Williams Trading reissued a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. Finally, StockNews.com initiated coverage on shares of Hibbett in a report on Friday, May 3rd. They issued 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. According to MarketBeat.com, Hibbett 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.