$257.44 Million in Sales Expected for Hibbett Sports, Inc. (HIBB) This Quarter

Equities research analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to announce sales of $257.44 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hibbett Sports’ earnings, with estimates ranging from $236.80 million to $270.81 million. Hibbett Sports reported sales of $246.93 million during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next quarterly earnings results on Friday, March 9th.

According to Zacks, analysts expect that Hibbett Sports will report full-year sales of $257.44 million for the current financial year, with estimates ranging from $916.30 million to $972.29 million. For the next year, analysts expect that the business will post sales of $956.52 million per share, with estimates ranging from $913.20 million to $974.30 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, November 17th. The company reported $0.37 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 the consensus estimate of $219.38 million. During the same period in the previous year, the firm posted $0.66 earnings per share. Hibbett Sports’s quarterly revenue was up .3% compared to the same quarter last year.

Several brokerages have recently issued reports on HIBB. TheStreet upgraded Hibbett Sports from a “d+” rating to a “c” rating in a research report on Tuesday, November 21st. BMO Capital Markets boosted their price objective on Hibbett Sports from $10.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, November 17th. BidaskClub downgraded Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Saturday. Buckingham Research downgraded Hibbett Sports from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus set a $20.00 price objective on Hibbett Sports and gave the stock a “hold” rating in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.75.

A number of large investors have recently made changes to their positions in HIBB. Hotchkis & Wiley Capital Management LLC bought a new stake in Hibbett Sports during the third quarter worth approximately $143,000. Macquarie Group Ltd. bought a new stake in Hibbett Sports during the third quarter worth approximately $204,000. Voya Investment Management LLC raised its holdings in Hibbett Sports by 11.9% during the second quarter. Voya Investment Management LLC now owns 12,007 shares of the company’s stock worth $249,000 after purchasing an additional 1,278 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Hibbett Sports by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock worth $260,000 after purchasing an additional 170 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Hibbett Sports during the second quarter worth approximately $280,000.

Hibbett Sports (NASDAQ:HIBB) opened at $22.15 on Monday. Hibbett Sports has a 52 week low of $9.40 and a 52 week high of $33.85. The company has a market capitalization of $454.96, a P/E ratio of 12.80 and a beta of 1.06.

TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/05/257-44-million-in-sales-expected-for-hibbett-sports-inc-hibb-this-quarter.html.

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.

Get a free copy of the Zacks research report on Hibbett Sports (HIBB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply