Equities analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to announce sales of $266.70 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hibbett Sports’ earnings. Hibbett Sports posted sales of $246.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The business is expected to announce its next earnings report before the market opens on Friday, March 16th.
According to Zacks, analysts expect that Hibbett Sports will report full-year sales of $266.70 million for the current fiscal year, with estimates ranging from $961.70 million to $968.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $973.83 million per share, with estimates ranging from $963.00 million to $979.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, March 16th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The firm had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $261.37 million. During the same period in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year.
HIBB has been the topic of a number of analyst reports. Robert W. Baird boosted their price target on Hibbett Sports from $10.00 to $16.00 and gave the stock a “positive” rating in a research report on Friday, November 17th. Forward View raised Hibbett Sports to a “hold” rating and set a $18.00 price target on the stock in a research report on Saturday, November 18th. Buckingham Research cut Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Tuesday, November 21st. BidaskClub cut Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, TheStreet raised Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.20.
Shares of Hibbett Sports (NASDAQ:HIBB) traded down $0.55 on Friday, hitting $21.95. The stock had a trading volume of 4,016,120 shares, compared to its average volume of 841,704. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $30.15. The company has a market cap of $466.25, a PE ratio of 12.69 and a beta of 0.85.
Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in Hibbett Sports by 114.3% in the 3rd quarter. SG Americas Securities LLC now owns 36,561 shares of the company’s stock valued at $521,000 after acquiring an additional 19,502 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Hibbett Sports by 81.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,264 shares of the company’s stock valued at $3,097,000 after buying an additional 97,278 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Hibbett Sports during the 3rd quarter valued at $376,000. Wells Fargo & Company MN raised its stake in Hibbett Sports by 21.0% during the 3rd quarter. Wells Fargo & Company MN now owns 91,019 shares of the company’s stock valued at $1,297,000 after buying an additional 15,798 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Hibbett Sports by 52.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 233,329 shares of the company’s stock valued at $3,325,000 after buying an additional 80,084 shares during the last quarter.
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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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