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.
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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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