Hibbett (NASDAQ:HIBB) Shares Gap Down to $47.68

Hibbett, Inc. (NASDAQ:HIBBGet Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $47.68, but opened at $45.17. Hibbett shares last traded at $42.15, with a volume of 1,664 shares changing hands.

A number of brokerages have commented on HIBB. TheStreet lowered Hibbett from a “b-” rating to a “c+” rating in a report on Tuesday, May 10th. Monness Crespi & Hardt decreased their price objective on Hibbett from $120.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Robert W. Baird decreased their price objective on Hibbett from $100.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, February 21st. StockNews.com assumed coverage on Hibbett in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Benchmark cut their target price on Hibbett from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, March 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $77.33.

The business has a 50-day moving average price of $45.39 and a two-hundred day moving average price of $60.44. The stock has a market capitalization of $569.22 million, a P/E ratio of 3.93, a P/E/G ratio of 1.17 and a beta of 1.89.

Hibbett (NASDAQ:HIBBGet Rating) last announced its quarterly earnings data on Friday, March 4th. The company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. Hibbett had a return on equity of 48.53% and a net margin of 10.31%. The business had revenue of $383.35 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period in the prior year, the company earned $1.40 EPS. Hibbett’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts forecast that Hibbett, Inc. will post 9.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Investors of record on Thursday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. Hibbett’s dividend payout ratio is currently 9.27%.

Hedge funds have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC bought a new stake in shares of Hibbett during the 4th quarter worth $27,000. CWM LLC bought a new position in Hibbett in the fourth quarter valued at about $35,000. Koshinski Asset Management Inc. raised its position in Hibbett by 766.7% in the first quarter. Koshinski Asset Management Inc. now owns 676 shares of the company’s stock valued at $30,000 after purchasing an additional 598 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Hibbett in the third quarter valued at about $62,000. Finally, Acadian Asset Management LLC bought a new position in Hibbett in the first quarter valued at about $50,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Hibbett (NASDAQ:HIBB)

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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