Hibbett (NASDAQ:HIBB) Sees Strong Trading Volume

Hibbett, Inc. (NASDAQ:HIBB) shares saw strong trading volume on Wednesday . 254,639 shares traded hands during mid-day 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 Analysts Forecast Growth

Several brokerages have weighed in on HIBB. B. Riley increased their target price on shares of Hibbett from $70.00 to $87.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Telsey Advisory Group lifted their target price on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research report on Tuesday, April 23rd. Benchmark reissued a “hold” rating on shares of Hibbett in a research note on Wednesday, April 24th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. Finally, Robert W. Baird restated a “neutral” rating and issued a $87.50 price target (up previously from $80.00) on shares of Hibbett in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Hibbett has a consensus rating of “Hold” and an average target price of $76.79.

Hibbett Trading Down 0.1 %

The business’s 50-day simple moving average is $75.42 and its two-hundred day simple moving average is $66.72. The company has a market capitalization of $1.02 billion, a PE ratio of 10.53 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last released 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. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 EPS. On average, analysts forecast that Hibbett, Inc. will post 8.19 EPS for the current year.

Hibbett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Thursday, March 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 20th. Hibbett’s payout ratio is 12.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HIBB. GAMMA Investing LLC acquired a new position in shares of Hibbett during the fourth quarter valued at approximately $28,000. AJOVista LLC bought a new stake in shares of Hibbett in the 4th quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hibbett by 80.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after purchasing an additional 1,654 shares during the last quarter. Kendall Capital Management acquired a new position in shares of Hibbett in the 3rd quarter worth approximately $200,000. Finally, Virtu Financial LLC bought a new stake in shares of Hibbett in the 4th quarter worth approximately $201,000. Institutional investors own 94.08% of the company’s stock.

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.