Hibbett, Inc. (HIBB) To Go Ex-Dividend on March 20th

Hibbett, Inc. (NASDAQ:HIBBGet 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.

Hibbett (NASDAQ:HIBBGet Free Report) last posted its earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.01. Hibbett had a return on equity of 28.35% and a net margin of 6.43%. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $477.42 million. During the same period in the previous year, the business earned $2.91 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Hibbett will post 8.18 EPS for the current year.

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

(Get Free Report)

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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Dividend History for Hibbett (NASDAQ:HIBB)

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