Moran Wealth Management LLC raised its holdings in Hibbett, Inc. (NASDAQ:HIBB – Free Report) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,623 shares of the company’s stock after purchasing an additional 2,375 shares during the period. Moran Wealth Management LLC owned approximately 0.43% of Hibbett worth $1,982,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HIBB. Amundi lifted its holdings in shares of Hibbett by 15.2% during the 4th quarter. Amundi now owns 1,222 shares of the company’s stock worth $87,000 after acquiring an additional 161 shares during the period. KBC Group NV lifted its holdings in shares of Hibbett by 24.8% during the 1st quarter. KBC Group NV now owns 1,182 shares of the company’s stock worth $70,000 after acquiring an additional 235 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in shares of Hibbett by 0.6% during the 1st quarter. Brandywine Global Investment Management LLC now owns 38,764 shares of the company’s stock worth $2,286,000 after acquiring an additional 239 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Hibbett by 4.5% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 5,973 shares of the company’s stock worth $352,000 after acquiring an additional 257 shares during the period. Finally, Money Concepts Capital Corp lifted its holdings in shares of Hibbett by 3.3% during the 4th quarter. Money Concepts Capital Corp now owns 8,460 shares of the company’s stock worth $577,000 after acquiring an additional 270 shares during the period. Institutional investors own 94.08% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Hibbett in a report on Monday, August 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 price objective on shares of Hibbett in a research report on Monday, August 28th. Williams Trading upgraded shares of Hibbett from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Robert W. Baird upped their price objective on shares of Hibbett from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. Finally, B. Riley upped their price objective on shares of Hibbett from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.33.
Hibbett Stock Performance
Shares of NASDAQ HIBB opened at $53.62 on Tuesday. Hibbett, Inc. has a 52-week low of $34.86 and a 52-week high of $75.38. The firm has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $43.82. The stock has a market cap of $664.57 million, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60.
Hibbett (NASDAQ:HIBB – Get Free Report) last announced its quarterly earnings results on Friday, August 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.17. Hibbett had a net margin of 6.43% and a return on equity of 29.34%. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $375.96 million. During the same period in the prior year, the company posted $1.86 EPS. The company’s revenue was down 4.6% on a year-over-year basis. Analysts predict that Hibbett, Inc. will post 7.31 earnings per share for the current fiscal year.
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.
- Five stocks we like better than Hibbett
- Financial Services Stocks Investing
- Safeguard your portfolio with these three bargain stocks
- How to Invest in Blue Chip Stocks
- Membership clubs gain leverage for the consumer rebound
- Do ETFs Pay Dividends? What You Need to Know
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Hibbett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett and related companies with MarketBeat.com's FREE daily email newsletter.