Hibbett Sports, Inc. (NASDAQ:HIBB) is scheduled to release its earnings data before the market opens on Thursday, November 16th. Hibbett Sports has set its FY18 guidance at $1.25-1.35 EPS.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, analysts expect Hibbett Sports to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) opened at $13.70 on Wednesday. The firm has a market cap of $281.39, a P/E ratio of 6.93, a P/E/G ratio of 5.01 and a beta of 0.72. Hibbett Sports, Inc. has a 1-year low of $9.40 and a 1-year high of $45.65.
Several brokerages recently weighed in on HIBB. TheStreet cut shares of Hibbett Sports from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 target price (down previously from $25.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. BidaskClub raised shares of Hibbett Sports from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a $14.00 target price (down previously from $24.00) on shares of Hibbett Sports in a report on Tuesday, July 25th. Finally, Robert W. Baird set a $10.00 target price on shares of Hibbett Sports and gave the company a “hold” rating in a report on Friday, August 18th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.06.
In other news, Director Ralph T. Parks acquired 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average cost of $12.59 per share, for a total transaction of $125,900.00. Following the transaction, the director now directly owns 22,802 shares in the company, valued at approximately $287,077.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Justin Bowman acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of $11.84 per share, for a total transaction of $35,520.00. Following the completion of the transaction, the insider now owns 7,883 shares in the company, valued at $93,334.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 25,500 shares of company stock worth $312,595. Insiders own 1.60% of the company’s stock.
Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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