Hibbett (NASDAQ:HIBB) Issues FY 2023 Earnings Guidance

Hibbett (NASDAQ:HIBBGet Rating) updated its FY 2023 earnings guidance on Tuesday. The company provided EPS guidance of $9.75-$10.50 for the period, compared to the consensus EPS estimate of $9.66. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of Hibbett from a neutral rating to a buy rating in a report on Friday, August 26th. Robert W. Baird boosted their target price on shares of Hibbett from $65.00 to $70.00 and gave the company an outperform rating in a report on Thursday, August 25th. Finally, Telsey Advisory Group boosted their target price on shares of Hibbett from $65.00 to $75.00 and gave the company an outperform rating in a report on Monday, August 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $78.60.

Hibbett Trading Down 3.5 %

Shares of Hibbett stock traded down $1.78 during trading on Friday, hitting $49.26. The stock had a trading volume of 5,049 shares, compared to its average volume of 344,636. The firm has a market cap of $631.02 million, a price-to-earnings ratio of 6.48, a P/E/G ratio of 1.46 and a beta of 1.71. Hibbett has a 12 month low of $39.58 and a 12 month high of $101.65. The business’s 50-day moving average is $54.17 and its 200 day moving average is $48.95.

Hibbett (NASDAQ:HIBBGet Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.40). The firm had revenue of $392.80 million during the quarter, compared to the consensus estimate of $394.44 million. Hibbett had a return on equity of 34.89% and a net margin of 6.76%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. As a group, equities analysts expect that Hibbett will post 9.77 EPS for the current year.

Hibbett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Thursday, September 8th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. Hibbett’s dividend payout ratio is presently 13.02%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Hibbett in the first quarter valued at $50,000. Captrust Financial Advisors increased its stake in Hibbett by 67.9% in the first quarter. Captrust Financial Advisors now owns 1,691 shares of the company’s stock valued at $75,000 after acquiring an additional 684 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in Hibbett by 47.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,689 shares of the company’s stock valued at $75,000 after acquiring an additional 543 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Hibbett during the first quarter valued at about $238,000. Finally, Baird Financial Group Inc. boosted its position in Hibbett by 15.0% during the first quarter. Baird Financial Group Inc. now owns 6,323 shares of the company’s stock valued at $280,000 after buying an additional 827 shares during the period. Institutional investors own 99.90% of the company’s stock.

Hibbett Company Profile

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Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.

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Earnings History and Estimates for Hibbett (NASDAQ:HIBB)

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