Hibbett’s (HIBB) Hold Rating Reaffirmed at Benchmark

Benchmark reiterated their hold rating on shares of Hibbett (NASDAQ:HIBB) in a report published on Wednesday morning, Benzinga reports.

HIBB has been the topic of a number of other research reports. Monness Crespi & Hardt reiterated a neutral rating on shares of Hibbett in a research report on Tuesday. 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. B. Riley increased their price target on Hibbett from $60.00 to $70.00 and gave the stock a neutral rating in a research report on Monday, March 18th. Finally, Telsey Advisory Group increased their price target on Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hibbett has a consensus rating of Hold and a consensus price target of $72.29.

Hibbett Stock Up 0.4 %

Shares of HIBB opened at $86.51 on Wednesday. Hibbett has a 52 week low of $34.86 and a 52 week high of $86.70. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.40 and a beta of 1.75. The stock’s 50-day moving average price is $74.69 and its 200-day moving average price is $65.78.

Hibbett (NASDAQ:HIBB) last issued its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping 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 firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $477.42 million. During the same quarter in the prior year, the business earned $2.91 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hibbett will post 8.26 EPS for the current fiscal year.

Hibbett Dividend Announcement

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

Institutional Investors Weigh In On Hibbett

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonegate Investment Group LLC acquired a new stake in shares of Hibbett in the first quarter valued at approximately $203,000. Fluent Financial LLC acquired a new stake in shares of Hibbett in the first quarter valued at approximately $305,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Hibbett by 9.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,870 shares of the company’s stock valued at $451,000 after purchasing an additional 486 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Hibbett by 3.4% in the first quarter. AdvisorNet Financial Inc now owns 17,982 shares of the company’s stock valued at $1,381,000 after purchasing an additional 593 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Hibbett by 70.3% in the first quarter. Los Angeles Capital Management LLC now owns 6,935 shares of the company’s stock valued at $533,000 after purchasing an additional 2,862 shares during the last quarter. Institutional investors and hedge funds 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.