Hibbett, Inc. (NASDAQ:HIBB) Given Average Rating of “Reduce” by Analysts

Hibbett, Inc. (NASDAQ:HIBB) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $76.79.

HIBB has been the topic of several research analyst reports. StockNews.com began coverage on shares of Hibbett in a research report on Friday. They set a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $87.50 price target on shares of Hibbett in a research report on Friday, July 26th. Finally, Robert W. Baird restated a “neutral” rating and set a $87.50 price objective (up from $80.00) on shares of Hibbett in a research report on Friday, April 26th.

Institutional Investors Weigh In On Hibbett

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Hibbett by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock valued at $56,558,000 after acquiring an additional 10,226 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Hibbett during the 2nd quarter valued at $30,904,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Hibbett by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 283,714 shares of the company’s stock valued at $20,433,000 after purchasing an additional 22,471 shares during the last quarter. American Century Companies Inc. boosted its holdings in Hibbett by 15.8% in the second quarter. American Century Companies Inc. now owns 275,418 shares of the company’s stock worth $24,019,000 after purchasing an additional 37,609 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Hibbett by 281.6% during the second quarter. Renaissance Technologies LLC now owns 253,689 shares of the company’s stock worth $22,124,000 after buying an additional 187,200 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.

Hibbett Stock Up 0.0 %

Shares of NASDAQ HIBB opened at $87.49 on Monday. Hibbett has a 52-week low of $36.77 and a 52-week high of $87.53. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.43 and a beta of 1.88. The stock’s fifty day simple moving average is $87.34 and its 200 day simple moving average is $81.77.

Hibbett (NASDAQ:HIBB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). Hibbett had a return on equity of 24.15% and a net margin of 5.80%. The company had revenue of $447.20 million for the quarter, compared to analyst estimates of $452.94 million. During the same quarter in the previous year, the firm posted $2.74 EPS. Hibbett’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Hibbett will post 8 earnings per share for the current year.

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.