Wall Street analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Hibbett Sports’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.35. Hibbett Sports reported earnings of $0.54 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 46.3%. The business is scheduled to report its next earnings report on Friday, March 9th.

On average, analysts expect that Hibbett Sports will report full-year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.65. For the next fiscal year, analysts expect that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.35 to $1.98. Zacks’ EPS averages are an average based on a survey of analysts that cover Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, November 17th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.15. The business had revenue of $237.80 million during the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a net margin of 3.94% and a return on equity of 11.38%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share.

A number of research analysts have commented on HIBB shares. Robert W. Baird increased their price objective on shares of Hibbett Sports from $10.00 to $16.00 and gave the company a “positive” rating in a research note on Friday, November 17th. Forward View upgraded shares of Hibbett Sports to a “hold” rating and set a $18.00 price objective on the stock in a research note on Saturday, November 18th. Buckingham Research downgraded shares of Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, November 21st. BidaskClub downgraded shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Hibbett Sports in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.53.

Several large investors have recently modified their holdings of HIBB. Schwab Charles Investment Management Inc. raised its holdings in shares of Hibbett Sports by 23.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 208,723 shares of the company’s stock worth $4,332,000 after purchasing an additional 39,933 shares during the period. Legal & General Group Plc increased its holdings in shares of Hibbett Sports by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 40,131 shares of the company’s stock worth $833,000 after acquiring an additional 470 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Hibbett Sports by 17.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,713 shares of the company’s stock worth $285,000 after acquiring an additional 2,075 shares during the period. Prudential Financial Inc. increased its holdings in shares of Hibbett Sports by 122.1% in the 2nd quarter. Prudential Financial Inc. now owns 83,657 shares of the company’s stock worth $1,736,000 after acquiring an additional 45,990 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Hibbett Sports by 1,070.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 49,048 shares of the company’s stock worth $1,018,000 after acquiring an additional 44,858 shares during the period.

Shares of Hibbett Sports (HIBB) traded up $0.10 during mid-day trading on Wednesday, hitting $24.85. 754,402 shares of the stock traded hands, compared to its average volume of 995,309. The stock has a market capitalization of $472.45, a P/E ratio of 14.28, a PEG ratio of 7.55 and a beta of 0.96. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $34.75.

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About Hibbett Sports

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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Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

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