In yesterday’s Wall Street session, Hibbett Inc. (NASDAQ:HIBB) shares traded at $68.22, down -2.02% from the previous session.
As of this writing, 7 analysts cover Hibbett Inc. (NASDAQ:HIBB). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $75.00, we find $75.00. Given the previous closing price of $69.63, this indicates a potential upside of 7.71 percent. HIBB stock price is now 6.99% away from the 50-day moving average and 28.22% away from the 200-day moving average. The market capitalization of the company currently stands at $886.18M.
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There are 0 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $77.43 as their price target over the next twelve months.
With the price target maintained at $75, BofA Securities recently Upgraded its rating from Neutral to Buy for Hibbett Inc. (NASDAQ: HIBB). On August 26, 2022, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $75, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’.
Insiders disposed of 25,734 shares of company stock worth roughly $1.76 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HIBB stock. A new stake in Hibbett Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $31,073,000. SCOPUS ASSET MANAGEMENT, L.P. invested $18,761,000 in shares of HIBB during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in Hibbett Inc. valued at approximately $8,380,000. IMPALA ASSET MANAGEMENT LLC acquired a new stake in HIBB for approximately $3,002,000. FISHER ASSET MANAGEMENT, LLC purchased a new stake in HIBB valued at around $1,986,000 in the second quarter.
Friday morning saw Hibbett Inc. (NASDAQ: HIBB) opened at $69.18. During the past 12 months, Hibbett Inc. has had a low of $39.58 and a high of $74.98. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.30, and a quick ratio of 0.20. The fifty day moving average price for HIBB is $64.00 and a two-hundred day moving average price translates $53.30 for the stock.
The latest earnings results from Hibbett Inc. (NASDAQ: HIBB) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $1.86, missing analysts’ expectations of $2.16 by -0.3. This compares to $1.68 EPS in the same period last year. The net profit margin was 6.60% and return on equity was 34.10% for HIBB. The company reported revenue of $433.16 million for the quarter, compared to $381.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.48 percent. For the current quarter, analysts expect HIBB to generate $440.01M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/20/2022. Investors who held shares on 12/08/2022 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 1.47% percent yield. There was an ex-dividend date of 12/07/2022 for this dividend. In terms of dividend payout ratio, HIBB is presently at 9.20%.
Hibbett Inc.(HIBB) Company Profile
Hibbett, Inc. together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. As of January 29, 2022, the company operated approximately 1,096 retail stores, which include 900 Hibbett Sports stores, 179 City Gear stores, and 17 Sports Additions athletic shoe stores. It also sells its products through online channels. Hibbett, Inc. was founded in 1945 and is headquartered in Birmingham, Alabama.
