Hibbett (NASDAQ:HIBB) Stock Price Down 3.2%

Hibbett, Inc. (NASDAQ:HIBBGet Free Report) fell 3.2% on Wednesday . The company traded as low as $77.81 and last traded at $78.00. 9,659 shares changed hands during trading, a decline of 94% from the average session volume of 169,068 shares. The stock had previously closed at $80.62.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HIBB. B. Riley upped their target price on Hibbett from $45.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $73.00 price objective (up previously from $60.00) on shares of Hibbett in a research note on Tuesday, November 21st. TheStreet upgraded shares of Hibbett from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Finally, Monness Crespi & Hardt increased their price target on shares of Hibbett from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.29.

View Our Latest Stock Report on Hibbett

Hibbett Stock Performance

The stock has a market cap of $910.06 million, a price-to-earnings ratio of 9.04, a PEG ratio of 3.74 and a beta of 1.77. The business’s 50 day moving average is $71.19 and its 200-day moving average is $58.74.

Institutional Trading of Hibbett

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Hibbett by 4.3% during 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 during the last quarter. Vanguard Group Inc. raised its holdings in shares of Hibbett by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 892,220 shares of the company’s stock valued at $64,258,000 after acquiring an additional 31,679 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hibbett by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock valued at $56,558,000 after acquiring an additional 10,226 shares in the last quarter. State Street Corp lifted its position in shares of Hibbett by 5.6% in the second quarter. State Street Corp now owns 643,623 shares of the company’s stock valued at $23,357,000 after acquiring an additional 34,019 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. boosted 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 acquiring an additional 42,381 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

About Hibbett

(Get Free Report)

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.

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