Monness Crespi & Hardt Reiterates “Neutral” Rating for Hibbett (NASDAQ:HIBB)

Monness Crespi & Hardt reaffirmed their neutral rating on shares of Hibbett (NASDAQ:HIBB) in a research report sent to investors on Tuesday morning, Benzinga reports.

A number of other equities research analysts have also commented on the company. B. Riley raised 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. Telsey Advisory Group raised their target price on shares of Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a report on Tuesday. Finally, Williams Trading reiterated a hold rating and issued a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $72.29.

Hibbett Price Performance

Shares of HIBB stock opened at $86.10 on Tuesday. The stock has a 50-day moving average of $74.92 and a 200-day moving average of $65.92. Hibbett has a one year low of $34.86 and a one year high of $86.70. The stock has a market cap of $1.02 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share 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 company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $477.42 million. During the same period last year, the firm posted $2.91 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Hibbett will post 8.19 earnings per share for the current year.

Hibbett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors 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 annualized dividend and a yield of 1.16%. Hibbett’s payout ratio is presently 12.21%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in shares of Hibbett in the 3rd quarter valued at approximately $2,861,000. AQR Capital Management LLC lifted its stake in Hibbett by 99.1% in 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 acquired a new stake in Hibbett in the third quarter valued at $2,242,000. Bronte Capital Management Pty Ltd. grew its position in shares of Hibbett by 7.5% in the 3rd 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 period. Finally, Scopus Asset Management L.P. acquired a new position in shares of Hibbett during the 3rd quarter worth about $1,900,000. Institutional investors and hedge funds own 94.08% of the company’s stock.

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.