SummerHaven Investment Management LLC Purchases 158 Shares of Hibbett, Inc. (NASDAQ:HIBB)

SummerHaven Investment Management LLC raised its stake in shares of Hibbett, Inc. (NASDAQ:HIBB) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,671 shares of the company’s stock after acquiring an additional 158 shares during the period. Hibbett makes up 0.9% of SummerHaven Investment Management LLC’s holdings, making the stock its 3rd biggest holding. SummerHaven Investment Management LLC’s holdings in Hibbett were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in HIBB. Bronte Capital Management Pty Ltd. grew its position in shares of Hibbett by 7.5% during the third quarter. Bronte Capital Management Pty Ltd. now owns 607,841 shares of the company’s stock worth $28,879,000 after buying an additional 42,381 shares in the last quarter. Invesco Ltd. increased its stake in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hibbett by 15.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 261,243 shares of the company’s stock worth $12,412,000 after purchasing an additional 34,200 shares during the last quarter. AQR Capital Management LLC grew its position in Hibbett by 99.1% in the 3rd 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 during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Hibbett in the third quarter worth $2,861,000. Institutional investors and hedge funds own 94.08% of the company’s stock.

Hibbett Trading Down 0.2 %

HIBB stock traded down $0.13 during mid-day trading on Monday, hitting $86.02. The stock had a trading volume of 359,329 shares, compared to its average volume of 332,002. The firm has a fifty day simple moving average of $75.17 and a 200 day simple moving average of $66.44. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.52 and a beta of 1.75. Hibbett, Inc. has a 52 week low of $34.86 and a 52 week high of $86.70.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.54 by $0.01. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.91 earnings per share. As a group, equities analysts expect that Hibbett, Inc. will post 8.19 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 20th. Hibbett’s dividend payout ratio (DPR) is presently 12.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HIBB shares. B. Riley upped their price target on shares of Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Williams Trading reiterated a “hold” rating and issued a $73.00 price objective on shares of Hibbett in a research note on Monday, March 18th. Robert W. Baird reissued a “neutral” rating and issued a $87.50 price target (up from $80.00) on shares of Hibbett in a report on Friday. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Hibbett in a research report on Tuesday, April 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Hibbett in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.79.

Hibbett 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.