Hibbett (NASDAQ:HIBB) Given “Neutral” Rating at Monness Crespi & Hardt

Monness Crespi & Hardt reiterated their neutral rating on shares of Hibbett (NASDAQ:HIBB) in a research report released on Tuesday morning, Benzinga reports.

HIBB has been the subject of a number of other reports. Telsey Advisory Group boosted their price objective on Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research report on Tuesday. Williams Trading reiterated a hold rating and set a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. Finally, B. Riley raised their price objective on shares of Hibbett from $60.00 to $70.00 and gave the company a neutral rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $69.79.

Hibbett Stock Up 18.8 %

Shares of HIBB opened at $86.15 on Tuesday. Hibbett has a fifty-two week low of $34.86 and a fifty-two week high of $86.70. The company has a market cap of $1.02 billion, a P/E ratio of 10.52, a PEG ratio of 1.16 and a beta of 1.75. The firm’s 50 day moving average price is $74.40 and its 200 day moving average price is $65.63.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 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. Research analysts forecast that Hibbett will post 8.21 earnings per share for the current year.

Hibbett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were issued 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 payout ratio is 12.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in shares of Hibbett during the fourth quarter worth about $28,000. AJOVista LLC acquired a new stake in shares of Hibbett in the 4th quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after buying an additional 1,654 shares during the last quarter. Kendall Capital Management acquired a new position in Hibbett during the third quarter worth approximately $200,000. Finally, Virtu Financial LLC acquired a new position in Hibbett during the fourth quarter worth approximately $201,000. 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.