Hibbett’s (HIBB) “Hold” Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Hibbett (NASDAQ:HIBB) in a research note released on Wednesday morning, Benzinga reports.

HIBB has been the topic of a number of other research reports. Monness Crespi & Hardt restated a neutral rating on shares of Hibbett in a research report on Tuesday. B. Riley increased their target price on shares of Hibbett from $60.00 to $70.00 and gave the stock a neutral rating in a research report on Monday, March 18th. Williams Trading reiterated a hold rating and set a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. Finally, Telsey Advisory Group increased their price target on shares of Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $76.79.

Hibbett Stock Up 0.1 %

Hibbett stock opened at $86.15 on Wednesday. The stock has a market cap of $1.02 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.41 and a beta of 1.75. Hibbett has a twelve month low of $34.86 and a twelve month high of $86.70. The company’s 50-day moving average price is $75.17 and its two-hundred day moving average price is $66.19.

Hibbett (NASDAQ:HIBB) last announced its earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $477.42 million. During the same quarter in the prior year, the business posted $2.91 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Hibbett will post 8.19 earnings per share for the current fiscal year.

Hibbett Announces Dividend

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

Hedge Funds Weigh In On Hibbett

Several large investors have recently modified their holdings of HIBB. Wellington Management Group LLP bought a new position in shares of Hibbett during the third quarter valued at $2,861,000. AQR Capital Management LLC raised its stake in shares of Hibbett by 99.1% during the third quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock valued at $4,801,000 after acquiring an additional 50,313 shares during the last quarter. Boston Partners bought a new position in shares of Hibbett during the third quarter valued at $2,242,000. Bronte Capital Management Pty Ltd. raised its stake in shares of Hibbett by 7.5% during the third quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock valued at $28,879,000 after acquiring an additional 42,381 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Hibbett during the third quarter valued at $1,900,000. Institutional investors own 94.08% of the company’s stock.

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.