Hussman Strategic Advisors Inc. Sells 20,000 Shares of Hibbett, Inc. (NASDAQ:HIBB)

Hussman Strategic Advisors Inc. reduced its stake in Hibbett, Inc. (NASDAQ:HIBB - Free Report) by 32.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,000 shares of the company's stock after selling 20,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.36% of Hibbett worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Hibbett by 98.6% during the 1st 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 during the period. HighTower Advisors LLC lifted its position in Hibbett by 3.9% during the first quarter. HighTower Advisors LLC now owns 10,427 shares of the company's stock worth $462,000 after purchasing an additional 395 shares during the period. Acadian Asset Management LLC acquired a new stake in Hibbett during the first quarter worth about $50,000. MetLife Investment Management LLC raised its position in shares of Hibbett by 15.6% in the 1st quarter. MetLife Investment Management LLC now owns 6,500 shares of the company's stock valued at $288,000 after buying an additional 876 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Hibbett by 153.0% during the 1st quarter. Sei Investments Co. now owns 13,514 shares of the company's stock worth $599,000 after acquiring an additional 8,172 shares during the period. Institutional investors and hedge funds own 94.08% of the company's stock.

Wall Street Analysts Forecast Growth

HIBB has been the subject of several research analyst reports. B. Riley boosted their price objective on shares of Hibbett from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Telsey Advisory Group restated a "market perform" rating and set a $74.00 price objective (down from $82.00) on shares of Hibbett in a research report on Monday, March 18th. Williams Trading reiterated a "hold" rating and issued a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Finally, Monness Crespi & Hardt increased their target price on shares of Hibbett from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $67.86.

Hibbett Stock Up 1.5 %

Hibbett stock traded up $1.07 during trading hours on Friday, hitting $71.14. The stock had a trading volume of 204,352 shares, compared to its average volume of 280,689. The business's 50 day simple moving average is $74.15 and its 200-day simple moving average is $65.17. Hibbett, Inc. has a one year low of $34.86 and a one year high of $83.00. The stock has a market cap of $839.45 million, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.16 and a beta of 1.75.

Hibbett (NASDAQ:HIBB - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported $2.55 earnings per share (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 business had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. During the same quarter last year, the business earned $2.91 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. Research analysts anticipate that Hibbett, Inc. will post 8.21 EPS for the current fiscal year.

Hibbett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Thursday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Hibbett's dividend payout ratio (DPR) is presently 12.21%.

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.