Hibbett Sees Unusually High Options Volume (NASDAQ:HIBB)

Hibbett, Inc. (NASDAQ:HIBB) was the target of unusually large options trading on Tuesday. Traders acquired 2,754 call options on the stock. This is an increase of approximately 640% compared to the average daily volume of 372 call options.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HIBB shares. Monness Crespi & Hardt reissued a “neutral” rating on shares of Hibbett in a research report on Tuesday. Williams Trading reaffirmed a “hold” rating and issued a $73.00 price target on shares of Hibbett in a report on Monday, March 18th. Benchmark reaffirmed a “hold” rating on shares of Hibbett in a report on Wednesday. Telsey Advisory Group upped 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 upped their price target on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.29.

Hibbett Trading Up 0.4 %

HIBB stock opened at $86.51 on Thursday. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.70. The firm has a market cap of $1.02 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.18 and a beta of 1.75. The business’s 50 day moving average is $74.69 and its 200-day moving average is $65.78.

Hibbett (NASDAQ:HIBB) last released its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS 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%. Hibbett’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.91 EPS. Sell-side analysts forecast that Hibbett will post 8.21 EPS for the current year.

Hibbett Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.16%. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Investors Weigh In On Hibbett

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Hibbett during the 4th quarter worth $28,000. AJOVista LLC acquired a new position in Hibbett during the 4th quarter worth $75,000. Stonegate Investment Group LLC acquired a new position in Hibbett during the 1st quarter worth $203,000. Virtu Financial LLC acquired a new position in Hibbett during the 4th quarter worth $201,000. Finally, 1492 Capital Management LLC acquired a new position in Hibbett during the 4th quarter worth $209,000. 94.08% of the stock is currently owned by institutional investors.

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.