Hibbett’s (HIBB) Hold Rating Reiterated at Benchmark

Hibbett (NASDAQ:HIBB)‘s stock had its “hold” rating reiterated by equities research analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports.

Several other analysts have also recently commented on the company. B. Riley raised their target price on Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Williams Trading reaffirmed a “hold” rating and set a $73.00 target price on shares of Hibbett in a research note on Monday, March 18th. Telsey Advisory Group increased their price target on shares of Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.29.

Hibbett Stock Down 0.5 %

HIBB stock opened at $86.10 on Wednesday. The company has a 50-day simple moving average of $74.92 and a 200 day simple moving average of $65.92. The company has a market capitalization of $1.02 billion, a P/E ratio of 10.51, a PEG ratio of 1.41 and a beta of 1.75. Hibbett has a fifty-two week low of $34.86 and a fifty-two week high of $86.70.

Hibbett (NASDAQ:HIBB) last announced its earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The business had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. During the same quarter last year, the business posted $2.91 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Hibbett will post 8.19 EPS for the current year.

Institutional Investors Weigh In On Hibbett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Hibbett by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock valued at $56,558,000 after purchasing an additional 10,226 shares during the last quarter. Bronte Capital Management Pty Ltd. raised 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 worth $28,879,000 after acquiring an additional 42,381 shares during the period. Invesco Ltd. boosted its holdings 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 period. Charles Schwab Investment Management Inc. boosted its holdings in Hibbett by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock valued at $20,433,000 after acquiring an additional 22,471 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Hibbett by 99.1% in the third 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. 94.08% of the stock is currently owned by institutional investors and hedge funds.

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.