Analysts have given Hibbett, Inc. (NASDAQ: HIBB) an average recommendation of “moderate buy”.
According to Bloomberg, the company received an average recommendation of “moderate buy” for the stock from the eight research analysts currently covering Hibbett, Inc. (NASDAQ: HIBB). Six research experts gave the company a Buy recommendation, while only one advised investors to hold their shares. Additionally, analysts who have updated their coverage over the past year have forecast the stock price to reach $76.00 within the next year, and this projection has been included in the target. of price.
Several people who specialize in equity research have given their opinion on the stock. StockNews.com released its first Hibbett stock research note on October 12; the note was released that day. They recommended that shareholders “keep” their shares in the company. In a research report released Aug. 22, Telsey Advisory Group raised its “outperform” rating on Hibbett shares and raised its price target on the company’s stock from $65.00 to $75.00. These changes were made in response to recent company performance. Bank of America has upgraded Hibbett from a “neutral” rating to a “buy” rating and set a price target of $75.00 for the company in a research report published Tuesday, October 25. The report was published online. Following the release of their report on Friday, August 26, Seaport Research Ptn upgraded their rating of Hibbett shares from “neutral” to “buy.” Finally, Robert W. Baird raised his price target on Hibbett stock from $65.00 to $70.00 and gave the company an “outperform” rating in a research report released Thursday, August 25.
Hedge funds have recently changed the way they hold positions in the business to better suit their needs. By taking on a new position in the company during the second quarter, Nisa Stake Advisors LLC increased the value of its investment in Hibbett by approximately $26,000. During the first quarter of 2018, Acadian Asset Management LLC made a new investment in Hibbett. The value of this investment was approximately $50,000. Point72 Hong Kong Ltd. increased its stake in Hibbett by 47.4% in the first three months of 2018. After purchasing an additional 543 shares during the reporting period, Point72 Hong Kong Ltd. now owns 1,689 shares. These shares have a combined value of $75,000 and were acquired by the company during the above period. In the first quarter of this year, Captrust Financial Advisors increased the number of Hibbett shares it held by 67.9%, bringing its total ownership percentage to 100%. Captrust Financial Advisors now owns a total of 1,691 shares of the company, which are worth $75,000, thanks to the acquisition of 684 additional shares during the reporting period. Counterpoint Mutual Funds LLC made a new investment in Hibbett shares for $98,000 during the third quarter of the fiscal year. The plan was complete, and that was the final and most important piece. At this stage, 99.9% of the company’s capital is held by institutions.
HIBB was first traded on Tuesday for $62.20. Over the past 52 weeks, the cost of a Hibbett has ranged from $39.58 to $101.65, with a price of $101.65 serving as the overall average. The company’s market capitalization currently stands at $796.60 million; it has a price/earnings ratio of 8.10, a price/earnings/growth ratio of 1.75 and a beta coefficient of 1.76. Additionally, the company’s previous 200-day moving average is $51.40, while the previous 50-day moving average is $57.47.
On August 25, the latest earnings report from publicly traded Hibbett, which can be found under the NASDAQ symbol: HIBB, was made available to the public. Market analysts had expected the company to report earnings per share of $2.26 for the quarter. Still, actual earnings reported by the company were $1.86, a difference of $0.40 from the projection. According to projections by several different analysts, total revenue for the current quarter could range from $394.44 million to $392.80 million. Hibbett achieved a return on equity of 34.89%, while the company’s net margin was 6.76%. The company’s turnover decreased by 6.3% compared to the previous financial year. However, the company made earnings per share of $2.86 in the same period the year before when the same period was compared. According to industry experts, the earnings generated by each Hibbett share in 2018 are expected to be $9.77.
Additionally, the company recently announced that it will initiate the payment of a quarterly dividend beginning Tuesday, September 20. This news was shared via a recent press release. On Thursday, September 8, dividend payments of $0.25 per share were mailed to shareholders who already had their information on file. The dividend was paid to shareholders on September 7, a Wednesday. This results in a yield of 1.61% as well as an annual dividend payment of one dollar. Currently, 13.02% of Hibbett’s earnings are paid out as dividends to shareholders.
Hibbett, Inc. and its affiliates sell athletic-themed apparel in communities across the country, ranging in size from extra small to fairly large. These communities are located all over the United States. Its outlets offer various products, which can be found in categories such as attractive and athletic apparel, sports shoes, team sports equipment and related accessories.