Hibbett (NASDAQ:HIBB) Reaches New 1-Year High at $87.06

Hibbett, Inc. (NASDAQ:HIBB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $87.06 and last traded at $86.96, with a volume of 43154 shares trading hands. The stock had previously closed at $86.87.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HIBB shares. Robert W. Baird reissued a "neutral" rating and set a $87.50 target price (up previously from $80.00) on shares of Hibbett in a research report on Friday, April 26th. B. Riley lifted their price target on shares of Hibbett from $70.00 to $87.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Williams Trading restated a "hold" rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Monness Crespi & Hardt reiterated a "neutral" rating on shares of Hibbett in a report on Tuesday, April 23rd. Finally, Telsey Advisory Group boosted their price objective on Hibbett from $74.00 to $87.50 and gave the company a "market perform" rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, Hibbett currently has a consensus rating of "Hold" and an average price target of $76.79.

Hibbett Trading Down 0.0 %

The firm has a market cap of $1.02 billion, a P/E ratio of 10.61 and a beta of 1.72. The firm has a 50-day simple moving average of $76.91 and a 200-day simple moving average of $69.17.

Hibbett (NASDAQ:HIBB - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 25.72% and a net margin of 5.97%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.91 EPS. Research analysts predict that Hibbett, Inc. will post 8.19 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, March 20th. Hibbett's dividend payout ratio is presently 12.21%.

Institutional Trading of Hibbett

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in Hibbett during the third quarter valued at $2,861,000. AQR Capital Management LLC boosted its stake in shares of Hibbett by 99.1% in the third quarter. AQR Capital Management LLC now owns 101,061 shares of the company's stock worth $4,801,000 after buying an additional 50,313 shares during the last quarter. Boston Partners acquired a new stake in Hibbett during the third quarter worth about $2,242,000. Bronte Capital Management Pty Ltd. raised its position in Hibbett by 7.5% during the third quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company's stock valued at $28,879,000 after acquiring an additional 42,381 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Hibbett in the 3rd quarter worth approximately $1,900,000. 94.08% of the stock is currently owned by institutional investors and hedge funds.

Hibbett Company Profile

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.