Hibbett, Inc. (NASDAQ:HIBB – Get Free Report) declared a quarterly dividend on Wednesday, March 6th, Zacks reports. Stockholders of record on Thursday, March 21st will be given a dividend of 0.25 per share on Tuesday, April 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, March 20th.
Hibbett has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Hibbett to earn $8.76 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.
Hibbett Stock Performance
NASDAQ:HIBB opened at $68.51 on Monday. Hibbett has a 1 year low of $34.86 and a 1 year high of $83.00. The stock has a market cap of $806.50 million, a P/E ratio of 8.37, a P/E/G ratio of 3.77 and a beta of 1.77. The stock has a 50-day simple moving average of $71.65 and a 200-day simple moving average of $60.24.
Institutional Investors Weigh In On Hibbett
Large investors have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Hibbett by 138.7% during 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 last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Hibbett in the 4th quarter worth about $47,000. Acadian Asset Management LLC bought a new position in shares of Hibbett in the 1st quarter worth about $50,000. Amundi lifted its position in shares of Hibbett by 15.2% in the 4th quarter. Amundi now owns 1,222 shares of the company’s stock worth $87,000 after buying an additional 161 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Hibbett by 32.0% in the 3rd quarter. FMR LLC now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 305 shares during the last quarter. 94.08% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have issued reports on HIBB. TheStreet raised shares of Hibbett from a “c+” rating to a “b-” rating in a report on Monday, November 27th. Monness Crespi & Hardt upped their price target on shares of Hibbett from $60.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Telsey Advisory Group upped their price target on shares of Hibbett from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Finally, B. Riley upped their price target on shares of Hibbett from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.00.
View Our Latest Analysis on Hibbett
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.
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