Hibbett Sports, Inc. (NASDAQ:HIBB) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.19)-(0.22) for the period, compared to the Thomson Reuters consensus estimate of $0.15.
Shares of Hibbett Sports, Inc. (HIBB) traded down 5.22% on Friday, reaching $10.90. 4,344,792 shares of the company’s stock traded hands. The stock has a market capitalization of $226.35 million, a price-to-earnings ratio of 4.47 and a beta of 0.71. Hibbett Sports, Inc. has a 52 week low of $9.40 and a 52 week high of $45.85. The stock’s 50-day moving average price is $16.92 and its 200-day moving average price is $24.49.
Hibbett Sports (NASDAQ:HIBB) last announced its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. The firm had revenue of $188 million during the quarter, compared to the consensus estimate of $190.31 million. Hibbett Sports had a return on equity of 16.39% and a net margin of 5.59%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Equities analysts predict that Hibbett Sports, Inc. will post $1.76 EPS for the current year.
HIBB has been the subject of several research analyst reports. Feltl & Co. raised Hibbett Sports from a hold rating to a buy rating in a research note on Monday, May 22nd. Sidoti raised Hibbett Sports from a neutral rating to a buy rating in a research note on Friday, July 14th. Zacks Investment Research raised Hibbett Sports from a hold rating to a buy rating and set a $22.00 price objective for the company in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a hold rating and set a $25.00 price target (down from $27.00) on shares of Hibbett Sports in a research note on Friday, May 19th. Finally, Canaccord Genuity set a $25.00 price target on Hibbett Sports and gave the stock a hold rating in a research note on Friday, May 19th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $26.33.
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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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