Swiss National Bank Purchases 500 Shares of Hibbett, Inc. (NASDAQ:HIBB)

Swiss National Bank increased its position in Hibbett, Inc. (NASDAQ:HIBB – Get Rating) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,700 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank owned approximately 0.23% of Hibbett worth $2,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank grew its stake in Hibbett by 4.8% in the third quarter. Amalgamated Bank now owns 6,254 shares of the company’s stock worth $312,000 after purchasing an additional 286 shares in the last quarter. Stonegate Investment Group LLC bought a new position in Hibbett in the fourth quarter worth approximately $221,000. M&G Investment Management Ltd. bought a new position in Hibbett in the fourth quarter worth approximately $3,201,000. SG Americas Securities LLC purchased a new stake in Hibbett during the fourth quarter worth $2,063,000. Finally, Mach 1 Financial Group LLC purchased a new stake in Hibbett during the fourth quarter worth $590,000. Institutional investors own 97.94% of the company’s stock.

Hibbett Price Performance

Hibbett stock opened at $44.16 on Friday. The stock has a market capitalization of $562.91 million, a price-to-earnings ratio of 4.60, a PEG ratio of 0.39 and a beta of 1.58. Hibbett, Inc. has a 1-year low of $42.12 and a 1-year high of $75.38. The business has a fifty day moving average price of $55.70 and a 200-day moving average price of $63.28.

Hibbett (NASDAQ:HIBB – Get Rating) last posted its quarterly earnings data on Friday, March 3rd. The company reported $2.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.05). Hibbett had a return on equity of 38.15% and a net margin of 7.50%. The business had revenue of $458.30 million during the quarter, compared to analyst estimates of $476.57 million. During the same period in the previous year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hibbett, Inc. will post 9.54 earnings per share for the current fiscal year.

Hibbett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Shareholders of record on Thursday, March 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. Hibbett’s dividend payout ratio is currently 10.42%.

Insider Buying and Selling at Hibbett

In other Hibbett news, Director Dorlisa K. Flur sold 714 shares of Hibbett stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $60.00, for a total transaction of $42,840.00. Following the completion of the transaction, the director now owns 5,598 shares in the company, valued at approximately $335,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hibbett news, Director James A. Hilt sold 8,154 shares of Hibbett stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $61.18, for a total transaction of $498,861.72. Following the completion of the transaction, the director now owns 2,380 shares in the company, valued at approximately $145,608.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dorlisa K. Flur sold 714 shares of Hibbett stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $60.00, for a total value of $42,840.00. Following the transaction, the director now owns 5,598 shares of the company’s stock, valued at approximately $335,880. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,473 shares of company stock worth $943,300. Insiders own 2.98% of the company’s stock.

Wall Street Analyst Weigh In

HIBB has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Hibbett in a report on Tuesday, March 14th. They set a “hold” rating and a $69.00 target price for the company. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Hibbett in a report on Monday, March 6th. Telsey Advisory Group restated an “outperform” rating and set a $80.00 target price on shares of Hibbett in a report on Monday, March 6th. Robert W. Baird upped their target price on Hibbett from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. Finally, Bank of America upped their target price on Hibbett from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.80.

About Hibbett

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Hibbett, Inc engages in the provision of sporting goods business. Its stores are operating under the Hibbett Sporting Goods and City Gear banners and an omni-channel platform. The firm features a core selection of brand name merchandise emphasizing athletic footwear, athletic and fashion apparel, team sports equipment and related accessories.