Hibbett, Inc. (NASDAQ:HIBB) Receives $67.86 Average PT from Analysts

Shares of Hibbett, Inc. (NASDAQ:HIBB) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $67.86.

Several research firms have recently issued reports on HIBB. Monness Crespi & Hardt increased their price objective on shares of Hibbett from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. B. Riley upped their target price on shares of Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Telsey Advisory Group restated a “market perform” rating and issued a $74.00 target price (down from $82.00) on shares of Hibbett in a research note on Monday, March 18th. Finally, Williams Trading restated a “hold” rating and issued a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th.

Hibbett Stock Performance

Shares of HIBB opened at $71.14 on Tuesday. The company has a market capitalization of $839.24 million, a price-to-earnings ratio of 8.69, a PEG ratio of 1.14 and a beta of 1.75. The company’s 50 day simple moving average is $74.15 and its 200 day simple moving average is $65.04. Hibbett has a 1 year low of $34.86 and a 1 year high of $83.00.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The firm had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. During the same quarter in the prior year, the business posted $2.91 earnings per share. Hibbett’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that Hibbett will post 8.21 EPS for the current fiscal year.

Hibbett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Hibbett’s payout ratio is currently 12.21%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HIBB. GAMMA Investing LLC acquired a new stake in shares of Hibbett in the 4th quarter worth about $28,000. Quarry LP increased 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 buying an additional 394 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Hibbett during the 4th quarter valued at about $47,000. AJOVista LLC acquired a new position in Hibbett during the 4th quarter valued at about $75,000. Finally, Acadian Asset Management LLC acquired a new position in Hibbett during the 1st quarter valued at about $50,000. 94.08% of the stock is currently owned by institutional investors.

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.