Hibbett, Inc. (NASDAQ:HIBB) Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Hibbett, Inc. (NASDAQ:HIBB - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 860,541 shares of the company's stock after selling 20,062 shares during the period. Vanguard Group Inc. owned about 7.31% of Hibbett worth $40,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Hibbett by 98.6% in the first quarter. JPMorgan Chase & Co. now owns 226,705 shares of the company's stock valued at $10,053,000 after acquiring an additional 112,526 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Hibbett by 3.9% in the 1st quarter. HighTower Advisors LLC now owns 10,427 shares of the company's stock valued at $462,000 after purchasing an additional 395 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hibbett during the 1st quarter worth $50,000. MetLife Investment Management LLC grew its stake in shares of Hibbett by 15.6% during the first quarter. MetLife Investment Management LLC now owns 6,500 shares of the company's stock worth $288,000 after purchasing an additional 876 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Hibbett by 153.0% in the first quarter. Sei Investments Co. now owns 13,514 shares of the company's stock valued at $599,000 after buying an additional 8,172 shares during the last quarter. Hedge funds and other institutional investors own 94.08% of the company's stock.

Hibbett Trading Down 1.4 %

Shares of Hibbett stock traded down $0.98 during trading on Wednesday, reaching $71.29. The company's stock had a trading volume of 244,080 shares, compared to its average volume of 234,565. The company has a 50-day moving average price of $73.75 and a two-hundred day moving average price of $63.72. Hibbett, Inc. has a fifty-two week low of $34.86 and a fifty-two week high of $83.00. The firm has a market cap of $841.22 million, a PE ratio of 8.82, a P/E/G ratio of 1.18 and a beta of 1.75.

Hibbett (NASDAQ:HIBB - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. During the same period in the previous year, the business posted $2.91 earnings per share. Hibbett's quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Hibbett, Inc. will post 8.3 earnings per share for the current fiscal year.

Hibbett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.40%. Hibbett's dividend payout ratio (DPR) is currently 12.21%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. B. Riley upped their price objective on Hibbett from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Monness Crespi & Hardt upped their price target on Hibbett from $72.00 to $82.00 and gave the company a "buy" rating in a report on Monday, March 18th. Telsey Advisory Group reiterated a "market perform" rating and issued a $74.00 price target (down from $82.00) on shares of Hibbett in a research note on Monday, March 18th. Finally, Williams Trading restated a "hold" rating and set a $73.00 price objective on shares of Hibbett in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.86.

Hibbett 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.