Hibbett, Inc. (NASDAQ:HIBB) Given Consensus Rating of “Hold” by Brokerages

Hibbett, Inc. (NASDAQ:HIBB) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $67.86.

HIBB has been the subject of several research analyst reports. B. Riley boosted their price objective on Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Williams Trading reiterated a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research report on Monday, March 18th. Monness Crespi & Hardt boosted their price objective on Hibbett from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $74.00 price target (down previously from $82.00) on shares of Hibbett in a research report on Monday, March 18th.

Institutional Investors Weigh In On Hibbett

A number of institutional investors and hedge funds have recently made changes to their positions in HIBB. GAMMA Investing LLC bought a new stake in Hibbett in the 4th quarter valued at $28,000. Quarry LP raised its stake in Hibbett by 138.7% in the 1st quarter. Quarry LP now owns 678 shares of the company’s stock valued at $40,000 after acquiring an additional 394 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Hibbett in the 4th quarter valued at $47,000. AJOVista LLC bought a new stake in Hibbett in the 4th quarter valued at $75,000. Finally, Acadian Asset Management LLC bought a new position in Hibbett during the 1st quarter worth $50,000. Institutional investors own 94.08% of the company’s stock.

Hibbett Trading Down 1.3 %

Shares of NASDAQ:HIBB opened at $70.30 on Tuesday. The stock has a market capitalization of $829.33 million, a P/E ratio of 8.58, a P/E/G ratio of 1.16 and a beta of 1.75. The business has a 50-day moving average price of $74.02 and a two-hundred day moving average price of $64.51. Hibbett has a 1-year low of $34.86 and a 1-year high of $83.00.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. Hibbett’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. As a group, equities analysts predict that Hibbett will post 8.21 EPS for the current year.

Hibbett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, March 20th. Hibbett’s dividend payout ratio is currently 12.21%.

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.