Hibbett, Inc. (NASDAQ:HIBB) Holdings Trimmed by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. lowered its position in shares of Hibbett, Inc. (NASDAQ:HIBB) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,211 shares of the company’s stock after selling 3,630 shares during the period. Hibbett accounts for approximately 4.2% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 9th largest position. Bronte Capital Management Pty Ltd. owned 5.13% of Hibbett worth $43,515,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HIBB. SG Americas Securities LLC acquired a new position in Hibbett in the third quarter valued at $286,000. Maryland State Retirement & Pension System purchased a new stake in Hibbett in the third quarter valued at approximately $223,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hibbett by 80.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after acquiring an additional 1,654 shares during the period. TD Asset Management Inc purchased a new position in shares of Hibbett during the third quarter worth approximately $356,000. Finally, Kendall Capital Management acquired a new position in shares of Hibbett in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 94.08% of the company’s stock.

Hibbett Stock Up 0.3 %

Shares of NASDAQ:HIBB traded up $0.30 on Thursday, reaching $86.98. The company had a trading volume of 306,827 shares, compared to its average volume of 363,896. The stock has a 50-day moving average price of $76.71 and a 200 day moving average price of $68.47. Hibbett, Inc. has a twelve month low of $34.86 and a twelve month high of $86.99. The stock has a market capitalization of $1.03 billion, a P/E ratio of 10.59 and a beta of 1.72.

Hibbett (NASDAQ:HIBB) last announced its earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $477.42 million. During the same quarter in the previous year, the firm posted $2.91 earnings per share. Hibbett’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Hibbett, Inc. will post 8.19 earnings per share for the current fiscal year.

Hibbett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Hibbett’s dividend payout ratio is 12.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HIBB shares. Telsey Advisory Group lifted their price target on Hibbett from $74.00 to $87.50 and gave the company a “market perform” rating in a research note on Tuesday, April 23rd. Williams Trading reaffirmed a “hold” rating and set a $73.00 price target on shares of Hibbett in a research report on Monday, March 18th. Benchmark reissued a “hold” rating on shares of Hibbett in a research report on Wednesday, April 24th. B. Riley raised their price objective on Hibbett from $70.00 to $87.50 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Hibbett in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.