Hibbett Sports, Inc. (HIBB) Expected to Post Earnings of $0.21 Per Share

Analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to post $0.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hibbett Sports’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.17. Hibbett Sports reported earnings of $0.66 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 68.2%. The company is expected to announce its next quarterly earnings results on Friday, November 17th.

On average, analysts expect that Hibbett Sports will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.25 to $1.37. For the next fiscal year, analysts anticipate that the business will post earnings of $1.18 per share, with EPS estimates ranging from $0.84 to $1.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, August 18th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $190.31 million. During the same quarter in the prior year, the firm earned $0.29 EPS. Hibbett Sports’s revenue for the quarter was down 9.1% on a year-over-year basis.

HIBB has been the subject of a number of research reports. Zacks Investment Research raised shares of Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, July 24th. Sidoti raised shares of Hibbett Sports from a “neutral” rating to a “buy” rating in a report on Friday, July 14th. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. TheStreet downgraded shares of Hibbett Sports from a “c-” rating to a “d+” rating in a report on Wednesday, September 6th. Finally, Robert W. Baird set a $10.00 price objective on shares of Hibbett Sports and gave the stock a “hold” rating in a report on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.06.

Hibbett Sports (NASDAQ HIBB) traded down 0.37% during mid-day trading on Thursday, reaching $13.40. 318,850 shares of the company traded hands. The stock has a market capitalization of $275.22 million, a PE ratio of 6.55 and a beta of 0.78. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $45.85. The firm’s 50-day moving average is $13.44 and its 200 day moving average is $19.16.

In related news, Director Michael J. Newsome acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $12.13 per share, for a total transaction of $121,300.00. Following the completion of the purchase, the director now directly owns 44,924 shares in the company, valued at $544,928.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffry O. Rosenthal acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the purchase, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 25,500 shares of company stock worth $312,595. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HIBB. JPMorgan Chase & Co. raised its stake in shares of Hibbett Sports by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after purchasing an additional 291 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Hibbett Sports by 5.0% during the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after purchasing an additional 245 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Hibbett Sports by 52.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,750 shares of the company’s stock valued at $161,000 after purchasing an additional 2,650 shares in the last quarter. UBS Group AG raised its stake in shares of Hibbett Sports by 135.8% during the first quarter. UBS Group AG now owns 6,379 shares of the company’s stock valued at $188,000 after purchasing an additional 3,674 shares in the last quarter. Finally, Invictus RG bought a new stake in shares of Hibbett Sports during the first quarter valued at about $228,000.

COPYRIGHT VIOLATION NOTICE: “Hibbett Sports, Inc. (HIBB) Expected to Post Earnings of $0.21 Per Share” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/28/hibbett-sports-inc-hibb-expected-to-post-earnings-of-0-21-per-share.html.

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.

Get a free copy of the Zacks research report on Hibbett Sports (HIBB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Sports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply