Wall Street brokerages predict that Hibbett Sports, Inc. (NASDAQ:HIBB) will post $0.39 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hibbett Sports’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.37. Hibbett Sports posted earnings of $0.44 per share in the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The firm is expected to announce its next earnings report on Friday, March 15th.
On average, analysts expect that Hibbett Sports will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.61. For the next year, analysts anticipate that the company will report earnings of $1.73 per share, with EPS estimates ranging from $1.70 to $1.80. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Tuesday, November 27th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $216.89 million for the quarter, compared to the consensus estimate of $217.56 million. Hibbett Sports had a net margin of 3.25% and a return on equity of 9.45%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS.
HIBB has been the topic of a number of analyst reports. Canaccord Genuity cut Hibbett Sports from a “buy” rating to a “hold” rating and cut their target price for the company from $31.00 to $21.00 in a research note on Monday, August 27th. Zacks Investment Research raised Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Friday, September 7th. Stephens increased their price objective on Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 23rd. ValuEngine raised Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, BidaskClub cut Hibbett Sports from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Hibbett Sports has a consensus rating of “Hold” and a consensus price target of $21.30.
Shares of HIBB traded down $0.25 during mid-day trading on Wednesday, reaching $15.57. 698,810 shares of the company’s stock traded hands, compared to its average volume of 726,221. The stock has a market cap of $287.44 million, a price-to-earnings ratio of 9.55, a P/E/G ratio of 1.24 and a beta of 0.56. Hibbett Sports has a 12 month low of $14.86 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.10 and a current ratio of 3.06.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Hibbett Sports by 9.0% in the second quarter. BlackRock Inc. now owns 2,815,369 shares of the company’s stock worth $64,470,000 after purchasing an additional 233,090 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hibbett Sports by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,598,576 shares of the company’s stock worth $30,054,000 after purchasing an additional 9,734 shares in the last quarter. Vanguard Group Inc. grew its stake in Hibbett Sports by 6.3% in the third quarter. Vanguard Group Inc. now owns 1,581,669 shares of the company’s stock worth $29,735,000 after purchasing an additional 93,431 shares in the last quarter. FMR LLC grew its stake in Hibbett Sports by 2.4% in the third quarter. FMR LLC now owns 1,369,507 shares of the company’s stock worth $25,746,000 after purchasing an additional 32,545 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Hibbett Sports by 35.4% during the third quarter. Russell Investments Group Ltd. now owns 690,596 shares of the company’s stock worth $12,983,000 after buying an additional 180,412 shares during the period.
About Hibbett Sports
Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
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