Hibbett (NASDAQ:HIBB) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Hibbett (NASDAQ:HIBB) in a research report released on Friday morning, Benzinga reports. Robert W. Baird currently has a $87.50 target price on the stock, up from their previous target price of $80.00.

Several other equities research analysts have also commented on the company. B. Riley upped their target price on Hibbett from $70.00 to $87.50 and gave the company a neutral rating in a research report on Wednesday, April 24th. Williams Trading restated a hold rating and set a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. Benchmark reiterated a hold rating on shares of Hibbett in a research note on Wednesday, April 24th. Monness Crespi & Hardt reissued a neutral rating on shares of Hibbett in a research note on Tuesday, April 23rd. Finally, Telsey Advisory Group lifted their price target on shares of Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Hibbett currently has an average rating of Hold and an average target price of $76.79.

Hibbett Stock Down 0.2 %

HIBB stock opened at $85.95 on Friday. The company’s 50-day moving average price is $75.42 and its two-hundred day moving average price is $66.72. Hibbett has a 12 month low of $34.86 and a 12 month high of $86.70. The firm has a market cap of $1.01 billion, a P/E ratio of 10.49 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last posted 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. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.91 earnings per share. Equities analysts predict that Hibbett will post 8.19 EPS for the current year.

Hibbett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders 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 dividend payout ratio is currently 12.21%.

Institutional Trading of Hibbett

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIBB. GAMMA Investing LLC purchased a new stake in Hibbett in the fourth quarter worth about $28,000. AJOVista LLC purchased a new stake in shares of Hibbett in the 4th quarter worth approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after buying an additional 1,654 shares in the last quarter. Kendall Capital Management purchased a new position in Hibbett during the third quarter valued at $200,000. Finally, Virtu Financial LLC bought a new stake in Hibbett in the fourth quarter worth $201,000. Hedge funds and other 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.