Hibbett, Inc. (NASDAQ:HIBB) to Issue $0.25 Quarterly Dividend

Hibbett, Inc. (NASDAQ:HIBBGet Rating) declared a quarterly dividend on Tuesday, November 22nd, Zacks reports. Investors of record on Thursday, December 8th will be paid a dividend of 0.25 per share on Tuesday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, December 7th.

Hibbett Price Performance

Shares of HIBB stock traded up $2.45 during trading on Thursday, reaching $69.70. The company’s stock had a trading volume of 281,828 shares, compared to its average volume of 227,070. Hibbett has a 1-year low of $39.58 and a 1-year high of $93.93. The company has a market capitalization of $892.86 million, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.88 and a beta of 1.76. The stock’s 50-day moving average price is $58.44 and its 200 day moving average price is $53.06.

Hibbett (NASDAQ:HIBBGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.40). Hibbett had a return on equity of 34.89% and a net margin of 6.76%. The firm had revenue of $392.80 million for the quarter, compared to analyst estimates of $394.44 million. During the same quarter last year, the firm earned $2.86 EPS. The company’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hibbett will post 9.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HIBB. Bank of America upgraded shares of Hibbett from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, October 25th. Telsey Advisory Group boosted their price objective on shares of Hibbett from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. Seaport Res Ptn upgraded shares of Hibbett from a “neutral” rating to a “buy” rating in a research report on Friday, August 26th. Robert W. Baird boosted their price objective on shares of Hibbett from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Finally, StockNews.com initiated coverage on shares of Hibbett in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Hibbett currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Institutional Trading of Hibbett

Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Hibbett in the 1st quarter valued at $50,000. Captrust Financial Advisors lifted its stake in shares of Hibbett by 67.9% in the 1st quarter. Captrust Financial Advisors now owns 1,691 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Hibbett by 47.4% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock worth $75,000 after acquiring an additional 543 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Hibbett in the 1st quarter worth $238,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Hibbett in the 3rd quarter worth $269,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.

About Hibbett

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Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.

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Dividend History for Hibbett (NASDAQ:HIBB)

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