Hibbett, Inc. (NASDAQ:HIBB) Stake Reduced by Skylands Capital LLC

Skylands Capital LLC lessened its stake in Hibbett, Inc. (NASDAQ:HIBB - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,150 shares of the company's stock after selling 39,700 shares during the quarter. Hibbett comprises about 2.0% of Skylands Capital LLC's holdings, making the stock its 10th largest holding. Skylands Capital LLC owned 1.56% of Hibbett worth $13,262,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in Hibbett during the third quarter worth $2,861,000. AQR Capital Management LLC raised its holdings in shares of Hibbett by 99.1% in the 3rd quarter. AQR Capital Management LLC now owns 101,061 shares of the company's stock valued at $4,801,000 after buying an additional 50,313 shares during the period. Boston Partners purchased a new stake in shares of Hibbett in the 3rd quarter valued at $2,242,000. Bronte Capital Management Pty Ltd. raised its holdings in shares of Hibbett by 7.5% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company's stock valued at $28,879,000 after buying an additional 42,381 shares during the period. Finally, Scopus Asset Management L.P. acquired a new position in Hibbett during the 3rd quarter worth $1,900,000. Institutional investors and hedge funds own 94.08% of the company's stock.

Analyst Upgrades and Downgrades

HIBB has been the subject of several analyst reports. Benchmark reissued a "hold" rating on shares of Hibbett in a research note on Wednesday, April 24th. Telsey Advisory Group boosted their target price on Hibbett from $74.00 to $87.50 and gave the stock a "market perform" rating in a research note on Tuesday, April 23rd. Williams Trading reissued a "hold" rating and set a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. B. Riley boosted their target price on Hibbett from $70.00 to $87.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird reissued a "neutral" rating and set a $87.50 target price (up from $80.00) on shares of Hibbett in a research note on Friday. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Hibbett has an average rating of "Hold" and an average target price of $76.79.

Hibbett Stock Performance

Shares of NASDAQ:HIBB traded down $0.20 on Monday, hitting $85.95. 934,349 shares of the company's stock were exchanged, compared to its average volume of 339,458. The firm's 50-day moving average is $75.42 and its 200 day moving average is $66.72. The company has a market capitalization of $1.01 billion, a PE ratio of 10.49 and a beta of 1.75. Hibbett, Inc. has a 1-year low of $34.86 and a 1-year high of $86.70.

Hibbett (NASDAQ:HIBB - Get Free Report) last announced its earnings results 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. The firm had revenue of $466.60 million during the quarter, compared to analysts' expectations of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The business's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 EPS. On average, analysts anticipate that Hibbett, Inc. will post 8.19 EPS for the current fiscal year.

Hibbett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. 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.