Hibbett (NASDAQ:HIBB) Stock Rating Reaffirmed by Benchmark

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

Several other brokerages also recently weighed in on HIBB. Williams Trading reiterated a hold rating and issued a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. Monness Crespi & Hardt reiterated a neutral rating on shares of Hibbett in a report on Tuesday. Telsey Advisory Group boosted their price target on Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a report on Tuesday. Finally, B. Riley boosted their price target on Hibbett from $60.00 to $70.00 and gave the company a neutral rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hibbett presently has a consensus rating of Hold and a consensus target price of $72.29.

Hibbett Stock Performance

HIBB stock opened at $86.51 on Wednesday. Hibbett has a 1 year low of $34.86 and a 1 year high of $86.70. The stock’s 50 day moving average price is $74.69 and its 200 day moving average price is $65.78. The firm has a market cap of $1.02 billion, a P/E ratio of 10.56, a PEG ratio of 1.40 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results 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. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. Hibbett’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.91 EPS. On average, research analysts predict that Hibbett will post 8.26 earnings per share for the current year.

Hibbett Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Hibbett in the 4th quarter worth $28,000. AJOVista LLC purchased a new position in Hibbett in the fourth quarter valued at about $75,000. Stonegate Investment Group LLC purchased a new position in Hibbett in the first quarter valued at about $203,000. Virtu Financial LLC purchased a new position in Hibbett in the fourth quarter valued at about $201,000. Finally, 1492 Capital Management LLC purchased a new position in Hibbett in the fourth quarter valued at about $209,000. 94.08% of the stock is owned by hedge funds and other institutional investors.

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.