Hibbett (NASDAQ:HIBB) Price Target Raised to $87.50 at Telsey Advisory Group

Hibbett (NASDAQ:HIBB) had its price target upped by Telsey Advisory Group from $74.00 to $87.50 in a report released on Tuesday, Benzinga reports. They currently have a market perform rating on the stock.

Several other equities research analysts have also commented on the company. Monness Crespi & Hardt boosted their price objective on Hibbett from $72.00 to $82.00 and gave the stock a buy rating in a research note on Monday, March 18th. B. Riley upped their price target on Hibbett from $60.00 to $70.00 and gave the company a neutral rating in a research report on Monday, March 18th. Finally, Williams Trading restated a hold rating and issued a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $76.79.

Hibbett Trading Up 0.1 %

NASDAQ:HIBB opened at $86.15 on Tuesday. Hibbett has a 12 month low of $34.86 and a 12 month high of $86.70. The stock has a 50 day moving average of $75.17 and a two-hundred day moving average of $66.19. The firm has a market cap of $1.02 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.75.

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. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. During the same period in the previous year, the business earned $2.91 EPS. Hibbett’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that Hibbett will post 8.19 earnings per share for the current year.

Hibbett Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in Hibbett in the fourth quarter valued at approximately $28,000. AJOVista LLC acquired a new position in Hibbett during the fourth quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hibbett by 80.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after purchasing an additional 1,654 shares in the last quarter. Kendall Capital Management acquired a new position in Hibbett during the third quarter worth $200,000. Finally, Virtu Financial LLC acquired a new position in Hibbett during the fourth quarter worth $201,000. 94.08% of the stock is currently owned by institutional investors and hedge funds.

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.