Traders Buy Large Volume of Hibbett Call Options (NASDAQ:HIBB)

Hibbett, Inc. (NASDAQ:HIBB) saw unusually large options trading on Tuesday. Traders acquired 2,754 call options on the company. This represents an increase of approximately 640% compared to the average daily volume of 372 call options.

Wall Street Analyst Weigh In

Several analysts have recently commented on HIBB shares. Monness Crespi & Hardt increased their price objective on Hibbett from $72.00 to $82.00 and gave the company a “buy” rating in a report on Monday, March 18th. Telsey Advisory Group increased their price target on Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday. B. Riley raised their target price on Hibbett from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Finally, Williams Trading restated a “hold” rating and set a $73.00 target price on shares of Hibbett in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Hibbett has a consensus rating of “Hold” and an average target price of $69.79.

Hibbett Trading Up 19.1 %

Shares of HIBB stock traded up $13.86 on Tuesday, reaching $86.35. 2,281,789 shares of the stock were exchanged, compared to its average volume of 267,888. The business’s 50 day moving average price is $74.11 and its 200 day moving average price is $65.36. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.16 and a beta of 1.75. Hibbett has a twelve month low of $34.86 and a twelve month high of $86.70.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. During the same period in the previous year, the company earned $2.91 earnings per share. Hibbett’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Hibbett will post 8.21 earnings per share 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 $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Investors Weigh In On Hibbett

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in shares of Hibbett in the fourth quarter valued at about $28,000. AJOVista LLC acquired a new position in shares of Hibbett during the fourth quarter worth about $75,000. Stonegate Investment Group LLC acquired a new position in shares of Hibbett during the first quarter worth about $203,000. Virtu Financial LLC acquired a new position in shares of Hibbett during the fourth quarter worth about $201,000. Finally, 1492 Capital Management LLC acquired a new position in shares of Hibbett during the fourth quarter worth about $209,000. 94.08% of the stock is owned by hedge funds and other 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.