Commonwealth Equity Services LLC raised its position in shares of Hibbett, Inc. (NASDAQ:HIBB – Get Rating) by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,587 shares of the company’s stock after acquiring an additional 2,771 shares during the period. Commonwealth Equity Services LLC owned approximately 0.08% of Hibbett worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Hibbett during the 4th quarter worth approximately $27,000. Dark Forest Capital Management LP purchased a new stake in shares of Hibbett during the 3rd quarter worth approximately $62,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Hibbett during the 3rd quarter worth approximately $105,000. ARK Investment Management LLC purchased a new stake in shares of Hibbett during the 4th quarter worth approximately $196,000. Finally, MML Investors Services LLC raised its holdings in shares of Hibbett by 4.9% during the 3rd quarter. MML Investors Services LLC now owns 2,914 shares of the company’s stock worth $206,000 after acquiring an additional 135 shares in the last quarter. 92.62% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Hibbett from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a report on Tuesday, February 1st. Robert W. Baird decreased their price target on Hibbett from $100.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, February 21st. Telsey Advisory Group decreased their price target on Hibbett from $110.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, February 18th. Monness Crespi & Hardt decreased their price target on Hibbett from $120.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Finally, Benchmark decreased their price target on Hibbett from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, March 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $77.33.
Hibbett (NASDAQ:HIBB – Get Rating) last posted its quarterly earnings results on Friday, March 4th. The company reported $1.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $383.87 million. During the same quarter in the prior year, the company earned $1.40 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Hibbett, Inc. will post 9.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Thursday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Wednesday, March 16th. Hibbett’s payout ratio is 9.27%.
Hibbett Profile (Get Rating)
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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