Brokerages Set Hibbett, Inc. (NASDAQ:HIBB) Price Target at $67.86

Shares of Hibbett, Inc. (NASDAQ:HIBB) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $67.86.

A number of research analysts recently weighed in on HIBB shares. B. Riley lifted their target price on shares of Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Williams Trading restated a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research report on Monday, March 18th. Telsey Advisory Group reiterated a “market perform” rating and set a $74.00 target price (down previously from $82.00) on shares of Hibbett in a research report on Monday, March 18th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Hibbett from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, March 18th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HIBB. BlackRock Inc. boosted its stake in Hibbett by 4.3% in the 3rd quarter. BlackRock Inc. now owns 2,065,251 shares of the company’s stock worth $102,869,000 after purchasing an additional 84,638 shares in the last quarter. Vanguard Group Inc. grew its stake in Hibbett by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 892,220 shares of the company’s stock valued at $64,258,000 after purchasing an additional 31,679 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Hibbett by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock valued at $56,558,000 after purchasing an additional 10,226 shares during the last quarter. State Street Corp raised its stake in shares of Hibbett by 5.6% in the second quarter. State Street Corp now owns 643,623 shares of the company’s stock worth $23,357,000 after purchasing an additional 34,019 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. raised its stake in shares of Hibbett by 7.5% in the third quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock worth $28,879,000 after purchasing an additional 42,381 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.

Hibbett Stock Performance

Shares of Hibbett stock opened at $70.07 on Tuesday. The stock’s fifty day moving average is $74.18 and its 200 day moving average is $64.75. Hibbett has a one year low of $34.86 and a one year high of $83.00. The stock has a market cap of $826.83 million, a P/E ratio of 8.56, a P/E/G ratio of 1.15 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The firm had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $477.42 million. During the same period in the previous year, the firm earned $2.91 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that Hibbett will post 8.21 EPS for the current 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. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. Hibbett’s dividend payout ratio is presently 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.