Wall Street analysts predict that Hibbett Sports, Inc. (NASDAQ:HIBB) will post $257.44 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Hibbett Sports’ earnings, with estimates ranging from $236.80 million to $270.81 million. Hibbett Sports posted sales of $246.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings results on Friday, March 9th.
On average, analysts expect that Hibbett Sports will report full-year sales of $257.44 million for the current year, with estimates ranging from $916.30 million to $972.29 million. For the next fiscal year, analysts expect that the business will report sales of $954.64 million per share, with estimates ranging from $913.20 million to $974.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.15. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The company had revenue of $237.80 million during the quarter, compared to analysts’ expectations of $219.38 million. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was up .3% on a year-over-year basis.
Shares of Hibbett Sports (HIBB) opened at $24.95 on Friday. Hibbett Sports has a 52-week low of $9.40 and a 52-week high of $34.75. The stock has a market capitalization of $474.36, a P/E ratio of 14.34, a PEG ratio of 7.55 and a beta of 0.96.
A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Hibbett Sports by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,312,080 shares of the company’s stock worth $27,226,000 after purchasing an additional 511,443 shares during the last quarter. State Street Corp lifted its holdings in Hibbett Sports by 10.4% during the 2nd quarter. State Street Corp now owns 791,812 shares of the company’s stock worth $16,428,000 after purchasing an additional 74,526 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Hibbett Sports during the 2nd quarter worth approximately $15,077,000. Nordea Investment Management AB lifted its holdings in Hibbett Sports by 74.6% during the 2nd quarter. Nordea Investment Management AB now owns 651,637 shares of the company’s stock worth $13,521,000 after purchasing an additional 278,395 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C lifted its holdings in Hibbett Sports by 0.7% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 541,421 shares of the company’s stock worth $11,234,000 after purchasing an additional 3,927 shares during the last quarter.
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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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