New York State Teachers Retirement System Has $1.94 Million Position in Hibbett, Inc. (NASDAQ:HIBB)

New York State Teachers Retirement System lessened its position in Hibbett, Inc. (NASDAQ:HIBB) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,885 shares of the company’s stock after selling 1,539 shares during the period. New York State Teachers Retirement System owned 0.23% of Hibbett worth $1,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HIBB. BlackRock Inc. grew its position in shares of Hibbett by 4.3% in the 3rd quarter. BlackRock Inc. now owns 2,065,251 shares of the company’s stock valued at $102,869,000 after buying an additional 84,638 shares during the last quarter. State Street Corp grew its position in shares of Hibbett by 5.6% in the 2nd quarter. State Street Corp now owns 643,623 shares of the company’s stock valued at $23,357,000 after buying an additional 34,019 shares during the last quarter. Bronte Capital Management Pty Ltd. grew its position in shares of Hibbett by 7.5% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock valued at $28,879,000 after buying an additional 42,381 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Hibbett by 1.6% in the 4th quarter. Macquarie Group Ltd. now owns 525,106 shares of the company’s stock valued at $35,823,000 after buying an additional 8,018 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Hibbett by 9.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 489,317 shares of the company’s stock valued at $23,247,000 after buying an additional 42,313 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

Analyst Ratings Changes

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

Hibbett Stock Performance

Shares of NASDAQ:HIBB opened at $70.77 on Wednesday. The business’s 50 day simple moving average is $74.09 and its two-hundred day simple moving average is $64.67. The firm has a market cap of $835.09 million, a P/E ratio of 8.64, a PEG ratio of 1.16 and a beta of 1.75. Hibbett, Inc. has a 52-week low of $34.86 and a 52-week high of $83.00.

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

Hibbett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, March 20th. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

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.