Hibbett, Inc. (NASDAQ:HIBB – Get Rating) announced a quarterly dividend on Tuesday, November 22nd, Zacks reports. Investors of record on Thursday, December 8th will be given a dividend of 0.25 per share on Tuesday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, December 7th.
Hibbett Trading Up 3.6 %
NASDAQ HIBB traded up $2.45 on Thursday, reaching $69.70. 281,828 shares of the company were exchanged, compared to its average volume of 227,070. Hibbett has a fifty-two week low of $39.58 and a fifty-two week high of $93.93. The stock has a market capitalization of $892.86 million, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 1.88 and a beta of 1.76. The business’s fifty day moving average price is $58.44 and its 200 day moving average price is $53.06.
Hibbett (NASDAQ:HIBB – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.40). The firm had revenue of $392.80 million during the quarter, compared to analysts’ expectations of $394.44 million. Hibbett had a net margin of 6.76% and a return on equity of 34.89%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned $2.86 EPS. Equities research analysts forecast that Hibbett will post 9.79 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. StockNews.com started coverage on Hibbett in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird lifted their price target on shares of Hibbett from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 25th. Seaport Res Ptn upgraded shares of Hibbett from a “neutral” rating to a “buy” rating in a report on Friday, August 26th. Telsey Advisory Group lifted their target price on shares of Hibbett from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. Finally, Bank of America raised Hibbett from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, October 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hibbett currently has an average rating of “Moderate Buy” and an average target price of $76.00.
Institutional Trading of Hibbett
Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in Hibbett during the 1st quarter worth about $50,000. Captrust Financial Advisors increased its stake in shares of Hibbett by 67.9% during the first quarter. Captrust Financial Advisors now owns 1,691 shares of the company’s stock worth $75,000 after buying an additional 684 shares during the period. Point72 Hong Kong Ltd raised its holdings in Hibbett by 47.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock valued at $75,000 after acquiring an additional 543 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Hibbett during the 1st quarter worth approximately $238,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Hibbett during the third quarter worth $269,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.
Hibbett Company Profile
Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.