Hibbett, Inc. (NASDAQ:HIBB) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in Hibbett, Inc. (NASDAQ:HIBB - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 658,318 shares of the company's stock after selling 17,900 shares during the quarter. LSV Asset Management owned about 5.59% of Hibbett worth $47,412,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Bronte Capital Management Pty Ltd. lifted its position 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 worth $28,879,000 after purchasing an additional 42,381 shares during the period. Invesco Ltd. boosted its position in Hibbett by 3.0% during the third quarter. Invesco Ltd. now owns 290,808 shares of the company's stock valued at $13,816,000 after acquiring an additional 8,456 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hibbett by 15.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 261,243 shares of the company's stock worth $12,412,000 after acquiring an additional 34,200 shares during the period. AQR Capital Management LLC raised its position 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 worth $4,801,000 after acquiring an additional 50,313 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Hibbett in the 3rd quarter worth about $2,861,000. 94.08% of the stock is currently owned by institutional investors.

Hibbett Price Performance

Shares of NASDAQ:HIBB traded up $0.10 during midday trading on Friday, hitting $86.59. 541,860 shares of the company's stock were exchanged, compared to its average volume of 761,724. Hibbett, Inc. has a 12 month low of $34.86 and a 12 month high of $86.85. The company has a market cap of $1.02 billion, a PE ratio of 10.57 and a beta of 1.72. The stock has a 50 day moving average price of $76.30 and a 200-day moving average price of $67.66.

Hibbett (NASDAQ:HIBB - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.01. The firm 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 company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. Stockholders 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 1.15%. Hibbett's payout ratio is 12.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com started coverage on Hibbett in a research note on Friday. They set a "hold" rating for the company. B. Riley boosted their target price on shares of Hibbett from $70.00 to $87.50 and gave the company a "neutral" rating in a research report on Wednesday, April 24th. Benchmark reissued a "hold" rating on shares of Hibbett in a research note on Wednesday, April 24th. Telsey Advisory Group lifted 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. Finally, Robert W. Baird reissued a "neutral" rating and set a $87.50 price objective (up previously from $80.00) on shares of Hibbett in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $76.79.

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.