Oakworth Capital Inc. Has $83,000 Stake in Hibbett, Inc. (NASDAQ:HIBB)

Oakworth Capital Inc. decreased its position in shares of Hibbett, Inc. (NASDAQ:HIBB) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,159 shares of the company’s stock after selling 1,437 shares during the quarter. Oakworth Capital Inc.’s holdings in Hibbett were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Quarry LP raised its position in Hibbett by 138.7% during the 1st quarter. Quarry LP now owns 678 shares of the company’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in Hibbett during the 4th quarter worth $47,000. Acadian Asset Management LLC bought a new position in Hibbett during the 1st quarter worth $50,000. FMR LLC raised its position in Hibbett by 32.0% during the 3rd quarter. FMR LLC now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 305 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its position in Hibbett by 47.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock worth $75,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

Hibbett Trading Down 0.9 %

HIBB stock opened at $70.10 on Thursday. The stock has a 50-day moving average price of $74.16 and a 200-day moving average price of $64.71. Hibbett, Inc. has a 1-year low of $34.86 and a 1-year high of $83.00. The firm has a market cap of $827.18 million, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last issued its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.54 by $0.01. The company 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 firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $2.91 EPS. On average, analysts forecast that Hibbett, Inc. will post 8.21 earnings per share for the current year.

Hibbett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were paid 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 1.43%. Hibbett’s dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HIBB. B. Riley raised their target price on Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 target price (down from $82.00) on shares of Hibbett in a research report on Monday, March 18th. Finally, Monness Crespi & Hardt lifted their price objective on Hibbett from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Hibbett currently has a consensus rating of “Hold” and a consensus price target of $67.86.

About Hibbett

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.