Hibbett (NASDAQ:HIBB) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Hibbett (NASDAQ:HIBB) in a research note issued to investors on Friday. The brokerage issued a hold rating on the stock.

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

Hibbett Trading Up 0.1 %

Hibbett stock traded up $0.10 during mid-day trading on Friday, hitting $86.59. The stock had a trading volume of 541,860 shares, compared to its average volume of 761,724. Hibbett has a 12 month low of $34.86 and a 12 month high of $86.85. The stock has a market capitalization of $1.02 billion, a PE ratio of 10.57 and a beta of 1.72. The stock has a 50-day simple moving average of $76.30 and a two-hundred day simple moving average of $67.53.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping 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%. Hibbett’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.91 EPS. Sell-side analysts expect that Hibbett will post 8.19 earnings per share for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, March 20th. Hibbett’s dividend payout ratio is currently 12.21%.

Institutional Trading of Hibbett

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Hibbett in the 3rd quarter valued at $286,000. Maryland State Retirement & Pension System bought a new position in shares of Hibbett in the third quarter worth about $223,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after purchasing an additional 1,654 shares during the last quarter. TD Asset Management Inc acquired a new position in Hibbett during the 3rd quarter worth approximately $356,000. Finally, Kendall Capital Management bought a new position in Hibbett in the 3rd quarter valued at approximately $200,000. 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.