StockNews.com Begins Coverage on Hibbett (NASDAQ:HIBB)

StockNews.com started coverage on shares of Hibbett (NASDAQ:HIBB) in a research note released on Friday morning. The firm issued a hold rating on the stock.

A number of other analysts have also recently weighed in on HIBB. Williams Trading reissued a hold rating and set a $73.00 target price on shares of Hibbett in a report on Monday, March 18th. Robert W. Baird reissued a neutral rating and issued a $87.50 target price (up previously from $80.00) on shares of Hibbett in a report on Friday, April 26th. Benchmark reaffirmed a hold rating on shares of Hibbett in a report on Wednesday, April 24th. Monness Crespi & Hardt reissued a neutral rating on shares of Hibbett in a report on Tuesday, April 23rd. Finally, Telsey Advisory Group upped their price objective on Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $76.79.

Hibbett Price Performance

Shares of HIBB stock opened at $86.59 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 10.57 and a beta of 1.72. The firm has a fifty day moving average of $76.30 and a two-hundred day moving average of $67.66. Hibbett has a 1-year low of $34.86 and a 1-year high of $86.85.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data 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 firm had revenue of $466.60 million during 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 earnings per share. On average, sell-side analysts expect that Hibbett will post 8.19 EPS for the current year.

Hibbett Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Hibbett in the 4th quarter worth about $28,000. AJOVista LLC bought a new position in shares of Hibbett in the fourth quarter valued at approximately $75,000. Stonegate Investment Group LLC bought a new position in shares of Hibbett in the first quarter valued at approximately $203,000. Virtu Financial LLC bought a new position in shares of Hibbett in the fourth quarter valued at approximately $201,000. Finally, 1492 Capital Management LLC bought a new position in shares of Hibbett in the fourth quarter valued at approximately $209,000. Institutional investors own 94.08% of the company’s stock.

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.