Hibbett Sports, Inc. (HIBB) Issues FY15 Earnings Guidance
Hibbett Sports, Inc. (NASDAQ:HIBB) issued an update on its FY15 earnings guidance on Thursday morning. The company provided EPS guidance of $2.63-2.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.91, Stock Ratings Network reports. Hibbett Sports also updated its Q2 guidance to $0.30-0.32 EPS.
Shares of Hibbett Sports, Inc. (NASDAQ:HIBB) traded down 1.22% during mid-day trading on Thursday, hitting $50.07. 242,383 shares of the company’s stock traded hands. Hibbett Sports, Inc. has a 52-week low of $49.28 and a 52-week high of $68.31. The stock has a 50-day moving average of $52.73 and a 200-day moving average of $54.90. The company has a market cap of $1.282 billion and a P/E ratio of 18.19.
Hibbett Sports (NASDAQ:HIBB) last released its earnings data on Friday, May 23rd. The company reported $1.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.09. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $263.69 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Hibbett Sports, Inc. will post $2.89 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Hibbett Sports in a research note on Tuesday, June 24th. They set an outperform rating and a $64.00 price target on the stock. Analysts at Canaccord Genuity cut their price target on shares of Hibbett Sports from $53.00 to $50.00 in a research note on Monday, May 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $59.80.
Hibbett Sports, Inc operates sporting goods stores in small and mid-sized markets predominantly in the South, Southwest, Mid-Atlantic and the Midwest.
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