Hibbett (NASDAQ:HIBB) Sees Strong Trading Volume

Hibbett, Inc. (NASDAQ:HIBB - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 254,639 shares were traded during trading, a decline of 27% from the previous session's volume of 346,700 shares.The stock last traded at $86.07 and had previously closed at $86.24.

Wall Street Analyst Weigh In

HIBB has been the topic of a number of analyst reports. Robert W. Baird restated a "neutral" rating and set a $87.50 target price (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th. Telsey Advisory Group raised 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. B. Riley raised their price target on shares of Hibbett from $70.00 to $87.50 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Benchmark reaffirmed a "hold" rating on shares of Hibbett in a research note on Wednesday, April 24th. Finally, Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Hibbett in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $76.79.

Hibbett Stock Performance

The stock's 50 day simple moving average is $75.63 and its two-hundred day simple moving average is $66.99. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.52 and a beta of 1.75.

Hibbett (NASDAQ:HIBB - Get Free Report) last released its quarterly 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. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 EPS. Equities research analysts expect that Hibbett, Inc. will post 8.19 earnings per share for the current fiscal year.

Hibbett Announces Dividend

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

Institutional Trading of Hibbett

Several institutional investors have recently added to or reduced their stakes in HIBB. Wellington Management Group LLP acquired a new stake in Hibbett in the 3rd quarter valued at approximately $2,861,000. AQR Capital Management LLC increased its holdings in 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 purchasing an additional 50,313 shares during the last quarter. Boston Partners acquired a new stake in Hibbett in the 3rd quarter valued at approximately $2,242,000. Bronte Capital Management Pty Ltd. increased its holdings in 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 purchasing an additional 42,381 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new stake in Hibbett in the 3rd quarter valued at approximately $1,900,000. Institutional investors and hedge funds own 94.08% of the company's stock.

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.