Wellington Management Group LLP Buys Shares of 60,215 Hibbett, Inc. (NASDAQ:HIBB)

Wellington Management Group LLP bought a new stake in shares of Hibbett, Inc. (NASDAQ:HIBB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,215 shares of the company’s stock, valued at approximately $2,861,000. Wellington Management Group LLP owned approximately 0.51% of Hibbett as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP boosted its position in shares of 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 stake in shares of Hibbett during the 4th quarter valued at about $47,000. Acadian Asset Management LLC bought a new stake in Hibbett in the 1st quarter worth approximately $50,000. FMR LLC lifted its position in 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. Finally, Point72 Hong Kong Ltd lifted its position in Hibbett by 47.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock worth $75,000 after buying an additional 543 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.

Hibbett Stock Performance

Shares of HIBB stock opened at $75.88 on Thursday. Hibbett, Inc. has a fifty-two week low of $34.86 and a fifty-two week high of $83.00. The stock has a 50 day moving average price of $72.57 and a two-hundred day moving average price of $61.77. The company has a market capitalization of $893.11 million, a P/E ratio of 9.26, a PEG ratio of 1.16 and a beta of 1.77.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data 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 25.72% and a net margin of 5.97%. The firm had revenue of $466.60 million during the quarter, compared to the consensus estimate of $477.42 million. During the same quarter in the previous year, the company posted $2.91 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Hibbett, Inc. will post 8.3 earnings per share for the current year.

Hibbett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HIBB. Telsey Advisory Group restated a “market perform” rating and issued a $74.00 target price (down previously from $82.00) on shares of Hibbett in a research report on Monday, March 18th. Williams Trading restated a “hold” rating and issued a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. B. Riley boosted their target price on Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Finally, Monness Crespi & Hardt boosted their target price on Hibbett from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.86.

Hibbett Profile

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.