Hibbett (NASDAQ:HIBB) PT Raised to $87.50

Hibbett (NASDAQ:HIBB) had its target price lifted by B. Riley from $70.00 to $87.50 in a research note released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also commented on HIBB. Benchmark restated a hold rating on shares of Hibbett in a research note on Wednesday. Telsey Advisory Group boosted their price target on shares of Hibbett from $74.00 to $87.50 and gave the company a market perform rating in a research note on Tuesday, April 23rd. Monness Crespi & Hardt restated a neutral rating on shares of Hibbett in a research note on Tuesday, April 23rd. Finally, Williams Trading restated a hold rating and set a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $76.79.

Hibbett Stock Up 0.1 %

NASDAQ:HIBB opened at $86.15 on Wednesday. The company has a fifty day moving average of $75.17 and a 200-day moving average of $66.31. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.41 and a beta of 1.75. Hibbett has a twelve month low of $34.86 and a twelve month high of $86.70.

Hibbett (NASDAQ:HIBB) last released its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.01. The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. Hibbett’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.91 EPS. On average, analysts anticipate that Hibbett will post 8.19 EPS for the current fiscal year.

Hibbett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, March 20th. Hibbett’s dividend payout ratio is 12.21%.

Hedge Funds Weigh In On Hibbett

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in shares of Hibbett in the 4th quarter worth about $28,000. AJOVista LLC purchased a new position in shares of Hibbett in the 4th quarter worth about $75,000. Stonegate Investment Group LLC purchased a new position in shares of Hibbett in the 1st quarter worth about $203,000. Virtu Financial LLC purchased a new position in shares of Hibbett in the 4th quarter worth about $201,000. Finally, 1492 Capital Management LLC purchased a new position in shares of Hibbett in the 4th quarter worth about $209,000. 94.08% of the stock is owned by hedge funds and other institutional investors.

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.