Hibbett’s (HIBB) Hold Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Hibbett (NASDAQ:HIBB) in a report issued on Wednesday, Benzinga reports.

A number of other analysts have also recently commented on HIBB. Telsey Advisory Group lifted their target price on Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research report on Tuesday, April 23rd. Williams Trading reiterated 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 reissued a neutral rating on shares of Hibbett in a report on Tuesday, April 23rd. Finally, B. Riley raised their price target on Hibbett from $60.00 to $70.00 and gave the stock a neutral rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Hibbett has an average rating of Hold and a consensus target price of $76.79.

Hibbett Price Performance

Hibbett stock opened at $86.15 on Wednesday. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The stock has a market cap of $1.02 billion, a PE ratio of 10.52, a P/E/G ratio of 1.41 and a beta of 1.75. The stock’s fifty day moving average is $75.17 and its two-hundred day moving average is $66.31.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $477.42 million. During the same period last year, the firm earned $2.91 earnings per share. Hibbett’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Hibbett will post 8.19 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. Hibbett’s dividend payout ratio is presently 12.21%.

Hedge Funds Weigh In On Hibbett

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Hibbett in the 4th quarter valued at approximately $28,000. AJOVista LLC acquired a new position in Hibbett in the 4th quarter valued at approximately $75,000. Stonegate Investment Group LLC acquired a new position in Hibbett in the 1st quarter valued at approximately $203,000. Virtu Financial LLC acquired a new position in shares of Hibbett in the 4th quarter worth approximately $201,000. Finally, 1492 Capital Management LLC acquired a new position in shares of Hibbett in the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 94.08% of the company’s stock.

About Hibbett

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.