BNP Paribas Financial Markets Has $3.50 Million Stake in Hibbett, Inc. (NASDAQ:HIBB)

BNP Paribas Financial Markets grew its position in Hibbett, Inc. (NASDAQ:HIBB - Free Report) by 266.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,634 shares of the company's stock after purchasing an additional 35,373 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.41% of Hibbett worth $3,503,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HIBB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hibbett by 80.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company's stock valued at $176,000 after purchasing an additional 1,654 shares during the period. TD Asset Management Inc bought a new position in Hibbett during the third quarter worth $356,000. Bronte Capital Management Pty Ltd. increased 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 worth $28,879,000 after acquiring an additional 42,381 shares during the period. Victory Capital Management Inc. increased its position in Hibbett by 34.0% during the third quarter. Victory Capital Management Inc. now owns 40,705 shares of the company's stock worth $1,934,000 after acquiring an additional 10,322 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new position in Hibbett during the third quarter worth $371,000. Institutional investors own 94.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HIBB shares. Williams Trading reaffirmed a "hold" rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. Robert W. Baird reaffirmed 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. Telsey Advisory Group boosted their target price on shares of Hibbett from $74.00 to $87.50 and gave the stock a "market perform" rating in a research report on Tuesday, April 23rd. Monness Crespi & Hardt reiterated a "neutral" rating on shares of Hibbett in a research note on Tuesday, April 23rd. Finally, Benchmark reiterated a "hold" rating on shares of Hibbett in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $76.79.

Hibbett Stock Performance

Shares of NASDAQ:HIBB traded down $0.09 on Wednesday, hitting $86.25. The stock had a trading volume of 533,956 shares, compared to its average volume of 372,300. Hibbett, Inc. has a twelve month low of $34.86 and a twelve month high of $87.13. The firm's 50 day moving average price is $78.45 and its 200-day moving average price is $71.24. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.53 and a beta of 1.72.

Hibbett (NASDAQ:HIBB - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $477.42 million. During the same quarter in the previous year, the company earned $2.91 EPS. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Hibbett, Inc. will post 8.19 EPS for the current year.

Hibbett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 annualized dividend and a yield of 1.16%. Hibbett's dividend payout ratio (DPR) is 12.21%.

About Hibbett

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.