Hibbett (NASDAQ:HIBB) Receives “Neutral” Rating from Monness Crespi & Hardt

Hibbett (NASDAQ:HIBB)‘s stock had its “neutral” rating reissued by equities researchers at Monness Crespi & Hardt in a research report issued on Tuesday, Benzinga reports.

Other equities research analysts have also issued research reports about the company. Williams Trading reaffirmed a “hold” rating and set a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. Telsey Advisory Group increased their price objective on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research note on Tuesday. Finally, B. Riley lifted their target price on shares of Hibbett from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.79.

Hibbett Stock Up 19.0 %

Shares of HIBB stock traded up $13.76 on Tuesday, reaching $86.25. The company’s stock had a trading volume of 3,231,768 shares, compared to its average volume of 281,967. Hibbett has a 12-month low of $34.86 and a 12-month high of $86.70. The stock’s 50 day simple moving average is $74.11 and its 200-day simple moving average is $65.36. The company has a market capitalization of $1.02 billion, a P/E ratio of 10.53, a PEG ratio of 1.16 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last issued its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.54 by $0.01. Hibbett had a return on equity of 25.72% and a net margin of 5.97%. The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $477.42 million. During the same quarter in the previous year, the firm earned $2.91 earnings per share. Hibbett’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that Hibbett will post 8.21 EPS for the current year.

Institutional Investors Weigh In On Hibbett

A number of large investors have recently modified their holdings of HIBB. Dimensional Fund Advisors LP lifted its holdings in Hibbett by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 785,299 shares of the company’s stock worth $56,558,000 after buying an additional 10,226 shares during the period. Bronte Capital Management Pty Ltd. lifted its stake in shares of Hibbett by 7.5% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock valued at $28,879,000 after purchasing an additional 42,381 shares during the period. Invesco Ltd. boosted its position in shares of Hibbett by 3.0% during the third quarter. Invesco Ltd. now owns 290,808 shares of the company’s stock valued at $13,816,000 after purchasing an additional 8,456 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hibbett by 8.6% during the fourth 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 in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Hibbett by 99.1% in the third quarter. AQR Capital Management LLC now owns 101,061 shares of the company’s stock worth $4,801,000 after purchasing an additional 50,313 shares in the last quarter. Institutional investors own 94.08% of the company’s stock.

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.