Trexquant Investment LP Acquires 6,480 Shares of Hibbett, Inc. (NASDAQ:HIBB)

Trexquant Investment LP boosted its position in shares of Hibbett, Inc. (NASDAQ:HIBB) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,948 shares of the company’s stock after buying an additional 6,480 shares during the period. Trexquant Investment LP owned approximately 0.36% of Hibbett worth $3,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Hibbett during the 4th quarter worth $28,000. AJOVista LLC acquired a new stake in Hibbett during the 4th quarter worth about $75,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hibbett by 80.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock worth $176,000 after acquiring an additional 1,654 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hibbett in the 4th quarter valued at about $246,000. Finally, Arizona State Retirement System acquired a new position in shares of Hibbett in the 4th quarter valued at about $250,000. 94.08% of the stock is owned by institutional investors.

Hibbett Stock Down 0.0 %

Shares of HIBB stock traded down $0.04 during trading on Friday, reaching $86.26. The company’s stock had a trading volume of 338,020 shares, compared to its average volume of 546,800. The business has a fifty day moving average price of $79.07 and a 200-day moving average price of $71.60. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.72. Hibbett, Inc. has a one year low of $34.86 and a one year high of $87.13.

Hibbett (NASDAQ:HIBB) last announced its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. The firm had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 earnings per share. Research analysts anticipate that Hibbett, Inc. will post 8.19 EPS for the current year.

Hibbett Announces Dividend

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 Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com assumed coverage on Hibbett in a research report on Sunday, May 19th. They issued a “hold” rating for the company. Telsey Advisory Group raised their price target on Hibbett from $74.00 to $87.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 23rd. 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. Benchmark restated a “hold” rating on shares of Hibbett in a research note on Wednesday, April 24th. Finally, B. Riley raised their price target on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.79.

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.