Hibbett Sports said on March 1, 2023 that its board of directors declared a regular
quarterly dividend of $0.25 per share ($1.00 annualized).
Previously, the company paid $0.25 per share.
Shares must be purchased before the ex-div date of March 15, 2023 to qualify for the dividend.
Shareholders of record as of March 16, 2023
will receive the payment on March 28, 2023.
At the current share price of $68.26 / share,
the stock’s dividend yield is 1.46%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.40%,
the lowest has been 1.01%,
and the highest has been 12.59%.
The standard deviation of yields is 1.95 (n=237).
The current dividend yield is
0.99 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.10.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 19.97% Upside
As of March 7, 2023,
the average one-year price target for Hibbett Sports is $81.89.
The forecasts range from a low of $75.75 to a high of $89.25.
The average price target represents an increase of 19.97% from its latest reported closing price of $68.26.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hibbett Sports
is $1,765MM, an increase of 3.32%.
The projected annual non-GAAP EPS
is $9.88.
What is the Fund Sentiment?
There are 510 funds or institutions reporting positions in Hibbett Sports.
This is an increase
of
30
owner(s) or 6.25% in the last quarter.
Average portfolio weight of all funds dedicated to HIBB is 0.12%,
an increase
of 21.51%.
Total shares owned by institutions increased
in the last three months by 0.82% to 14,687K shares.
The put/call ratio of HIBB is 0.57, indicating a
bullish
outlook.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 949K shares
representing 7.46% ownership of the company.
In it’s prior filing, the firm reported owning 946K shares, representing
an increase
of 0.36%.
The firm
increased
its portfolio allocation in HIBB by 25.04% over the last quarter.
Lsv Asset Management
holds 694K shares
representing 5.46% ownership of the company.
In it’s prior filing, the firm reported owning 710K shares, representing
a decrease
of 2.23%.
The firm
increased
its portfolio allocation in HIBB by 25.75% over the last quarter.
Macquarie Group
holds 525K shares
representing 4.13% ownership of the company.
In it’s prior filing, the firm reported owning 517K shares, representing
an increase
of 1.53%.
The firm
decreased
its portfolio allocation in HIBB by 51.77% over the last quarter.
Bronte Capital Management Pty
holds 508K shares
representing 3.99% ownership of the company.
In it’s prior filing, the firm reported owning 464K shares, representing
an increase
of 8.74%.
The firm
increased
its portfolio allocation in HIBB by 52.04% over the last quarter.
T. Rowe Price Investment Management
holds 454K shares
representing 3.56% ownership of the company.
In it’s prior filing, the firm reported owning 455K shares, representing
a decrease
of 0.42%.
The firm
increased
its portfolio allocation in HIBB by 30.99% over the last quarter.
Hibbett Background Information
(This description is provided by the company.)
Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1,067 stores under the Hibbett Sports and City Gear brands, primarily located in small and mid-sized communities. Founded in 1945, Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear and apparel from top brands like Nike, Jordan and adidas.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
