Fisher Asset Management LLC Sells 2,035 Shares of Hibbett, Inc. (NASDAQ:HIBB)

Fisher Asset Management LLC decreased its holdings in shares of Hibbett, Inc. (NASDAQ:HIBB) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,635 shares of the company’s stock after selling 2,035 shares during the period. Fisher Asset Management LLC owned about 0.28% of Hibbett worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Hibbett in the fourth quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hibbett by 80.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after purchasing an additional 1,654 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Hibbett during the 3rd quarter valued at $200,000. Maryland State Retirement & Pension System purchased a new position in shares of Hibbett during the 3rd quarter valued at $223,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Hibbett in the 4th quarter worth $246,000. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

Hibbett Trading Up 0.6 %

Shares of HIBB opened at $86.68 on Thursday. Hibbett, Inc. has a twelve month low of $34.86 and a twelve month high of $86.88. The company’s fifty day simple moving average is $76.71 and its 200-day simple moving average is $68.47. The company has a market cap of $1.02 billion, a P/E ratio of 10.58 and a beta of 1.72.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $477.42 million. During the same quarter in the previous year, the business earned $2.91 EPS. Hibbett’s revenue was up 1.8% compared to the same quarter last year. Analysts predict that Hibbett, Inc. will post 8.19 earnings per share for the current fiscal year.

Hibbett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 annualized dividend and a yield of 1.15%. Hibbett’s payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HIBB. Benchmark reiterated a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. Robert W. Baird reaffirmed a “neutral” rating and set a $87.50 target price (up from $80.00) on shares of Hibbett in a research note on Friday, April 26th. Williams Trading reiterated a “hold” rating and issued a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. B. Riley lifted their target price on Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Telsey Advisory Group increased their price target on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.79.

Hibbett Company 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.