Hibbett’s (HIBB) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Hibbett (NASDAQ:HIBB) in a research report report published on Wednesday morning, Benzinga reports.

Several other equities research analysts also recently issued reports on the company. Monness Crespi & Hardt reaffirmed a neutral rating on shares of Hibbett in a research report on Tuesday. Williams Trading reissued a hold rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Telsey Advisory Group lifted their target price on Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a research report on Tuesday. Finally, B. Riley lifted their target price on Hibbett from $60.00 to $70.00 and gave the stock a neutral rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $76.79.

Hibbett Stock Performance

Shares of NASDAQ:HIBB opened at $86.15 on Wednesday. The company has a market cap of $1.02 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.41 and a beta of 1.75. The stock’s 50-day moving average is $75.17 and its 200-day moving average is $66.19. Hibbett has a 52-week low of $34.86 and a 52-week high of $86.70.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.01. The company had revenue of $466.60 million for the quarter, compared to the consensus estimate of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $2.91 earnings per share. As a group, equities analysts predict 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. Stockholders of record on Thursday, March 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 20th. Hibbett’s dividend payout ratio (DPR) is currently 12.21%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Hibbett in the fourth quarter valued at approximately $28,000. AJOVista LLC bought a new position in Hibbett in the 4th quarter worth approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hibbett by 80.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after purchasing an additional 1,654 shares during the last quarter. Kendall Capital Management bought a new position in Hibbett in the 3rd quarter worth approximately $200,000. Finally, Virtu Financial LLC bought a new position in Hibbett in the 4th quarter worth approximately $201,000. Institutional investors own 94.08% of the company’s stock.

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.