Hibbett (NASDAQ:HIBB) Sees Large Volume Increase

Shares of Hibbett, Inc. (NASDAQ:HIBB - Get Free Report) saw unusually-high trading volume on Friday . Approximately 174,391 shares changed hands during mid-day trading, a decline of 25% from the previous session's volume of 233,494 shares.The stock last traded at $71.82 and had previously closed at $71.92.

Analyst Upgrades and Downgrades

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

Hibbett Trading Down 0.9 %

The firm's 50 day simple moving average is $73.94 and its two-hundred day simple moving average is $64.02. The firm has a market cap of $840.87 million, a price-to-earnings ratio of 8.70, a PEG 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 for the quarter, topping 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 business had revenue of $466.60 million during the quarter, compared to analysts' expectations of $477.42 million. During the same quarter in the previous year, the company earned $2.91 EPS. The business's revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hibbett, Inc. will post 8.21 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

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

Hedge Funds Weigh In On Hibbett

Hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund bought a new position in Hibbett in the 3rd quarter valued at about $371,000. Boston Partners bought a new stake in shares of Hibbett during the 3rd quarter valued at approximately $2,242,000. Trexquant Investment LP bought a new stake in shares of Hibbett during the 3rd quarter valued at approximately $1,685,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Hibbett by 15.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 261,243 shares of the company's stock valued at $12,412,000 after purchasing an additional 34,200 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Hibbett by 46.4% during the 4th quarter. SG Americas Securities LLC now owns 8,822 shares of the company's stock valued at $635,000 after purchasing an additional 2,796 shares during the last quarter. 94.08% of the stock is owned by institutional investors.

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.