Hibbett, Inc. (NASDAQ:HIBB) Shares Bought by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in shares of Hibbett, Inc. (NASDAQ:HIBBFree Report) by 18.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,948 shares of the company’s stock after buying an additional 6,480 shares during the period. Trexquant Investment LP’s holdings in Hibbett were worth $3,021,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hibbett by 80.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after buying an additional 1,654 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Hibbett by 34.0% during the 3rd quarter. Victory Capital Management Inc. now owns 40,705 shares of the company’s stock worth $1,934,000 after purchasing an additional 10,322 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Hibbett during the 3rd quarter worth approximately $371,000. Barclays PLC raised its holdings in Hibbett by 28.2% in the 3rd quarter. Barclays PLC now owns 11,914 shares of the company’s stock valued at $565,000 after acquiring an additional 2,619 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Hibbett by 162.8% in the 3rd quarter. New York State Common Retirement Fund now owns 13,928 shares of the company’s stock valued at $662,000 after acquiring an additional 8,628 shares during the last quarter. 94.08% of the stock is owned by institutional investors and hedge funds.

Hibbett Price Performance

Shares of Hibbett stock traded down $0.04 on Friday, hitting $86.26. The company had a trading volume of 338,020 shares, compared to its average volume of 546,800. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.51 and a beta of 1.72. Hibbett, Inc. has a twelve month low of $34.86 and a twelve month high of $87.13. The stock has a 50-day moving average of $79.07 and a 200-day moving average of $71.60.

Hibbett (NASDAQ:HIBBGet Free Report) last released 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 analysts’ expectations of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.91 earnings per share. Equities analysts predict that Hibbett, Inc. will post 8.19 EPS for the current year.

Hibbett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, March 20th. Hibbett’s dividend payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Hibbett in a research note on Wednesday, April 24th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. B. Riley upped their target price on shares of Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com assumed coverage on shares of Hibbett in a report on Sunday, May 19th. They issued a “hold” rating for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $87.50 price objective (up from $80.00) on shares of Hibbett in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.79.

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Hibbett Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hibbett (NASDAQ:HIBB)

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