Allianz Asset Management GmbH Purchases 6,695 Shares of Hibbett, Inc. (NASDAQ:HIBB)

Allianz Asset Management GmbH increased its position in shares of Hibbett, Inc. (NASDAQ:HIBBFree Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,412 shares of the company’s stock after purchasing an additional 6,695 shares during the period. Allianz Asset Management GmbH owned approximately 0.65% of Hibbett worth $5,503,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Hibbett by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock worth $56,558,000 after purchasing an additional 10,226 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hibbett by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock worth $20,433,000 after acquiring an additional 22,471 shares in the last quarter. Boston Partners purchased a new position in shares of Hibbett during the third quarter worth approximately $2,242,000. Trexquant Investment LP bought a new stake in shares of Hibbett during the third quarter valued at approximately $1,685,000. Finally, SG Americas Securities LLC grew 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 worth $635,000 after purchasing an additional 2,796 shares in the last quarter. 94.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HIBB has been the subject of several research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $87.50 target price on shares of Hibbett in a report on Monday. B. Riley boosted their price target on shares of Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Benchmark reissued a “hold” rating on shares of Hibbett in a report on Wednesday, April 24th. Williams Trading reaffirmed a “hold” rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Hibbett has an average rating of “Hold” and an average target price of $76.79.

Check Out Our Latest Stock Analysis on HIBB

Hibbett Price Performance

NASDAQ HIBB opened at $86.15 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.51 and a beta of 1.77. The stock’s fifty day moving average price is $81.28 and its 200 day moving average price is $73.76. Hibbett, Inc. has a 1 year low of $34.96 and a 1 year high of $87.13.

Hibbett (NASDAQ:HIBBGet Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating 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 business had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. During the same period in the prior year, the company earned $2.91 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that Hibbett, Inc. will post 8.19 earnings per share for the current year.

About Hibbett

(Free Report)

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.

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Institutional Ownership by Quarter for Hibbett (NASDAQ:HIBB)

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