AJOVista LLC Makes New Investment in Hibbett, Inc. (NASDAQ:HIBB)

AJOVista LLC acquired a new stake in shares of Hibbett, Inc. (NASDAQ:HIBB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,041 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in Hibbett during the third quarter worth $2,861,000. AQR Capital Management LLC boosted its holdings in shares of Hibbett by 99.1% during the 3rd quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock worth $4,801,000 after purchasing an additional 50,313 shares during the last quarter. Boston Partners purchased a new position in Hibbett during the third quarter worth about $2,242,000. Bronte Capital Management Pty Ltd. raised its stake in shares of Hibbett by 7.5% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock valued at $28,879,000 after acquiring an additional 42,381 shares during the period. Finally, Scopus Asset Management L.P. purchased a new position in shares of Hibbett in the third quarter valued at approximately $1,900,000. 94.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIBB has been the subject of several recent research reports. Robert W. Baird reiterated a “neutral” rating and set a $87.50 target price (up previously from $80.00) on shares of Hibbett in a research note on Friday, April 26th. B. Riley boosted their price objective on shares of Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Williams Trading restated a “hold” rating and issued a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. StockNews.com initiated coverage on shares of Hibbett in a research note on Friday. They set a “hold” rating on the stock. Finally, Telsey Advisory Group raised their target price on shares of Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.79.

Hibbett Stock Up 0.1 %

HIBB stock traded up $0.10 during midday trading on Friday, reaching $86.59. 541,860 shares of the company’s stock traded hands, compared to its average volume of 761,724. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.57 and a beta of 1.72. The firm’s fifty day moving average price is $76.30 and its 200-day moving average price is $67.53. Hibbett, Inc. has a 52 week low of $34.86 and a 52 week high of $86.85.

Hibbett (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $477.42 million. During the same period in the prior year, the firm earned $2.91 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Hibbett, Inc. will post 8.19 earnings per share for the current year.

Hibbett Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, March 20th. Hibbett’s dividend payout ratio (DPR) is currently 12.21%.

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.