NASDAQ:HIBB

Hibbett (HIBB) Stock Forecast, Price & News

$46.16

-1.38 (-2.90%)

(As of 12:40 PM ET)

Compare

Today's Range: $45.99
▼
$47.47
50-Day Range: $36.86
▼
$47.54
52-Week Range: $34.86
▼
$75.38

Volume: 70,260 shs
Average Volume: 315,477 shs
Market Capitalization: $571.92 million

P/E Ratio: 5.47
Dividend Yield: 2.17%
Price Target: $58.33

Hibbett MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 22.7% Upside
$58.33 Price Target
Short Interest: Bearish
15.17% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.22
Upright™ Environmental Score
News Sentiment: 0.89
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.05%
From $7.31 to $8.41 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Retail/Wholesale Sector

15th out of 214 stocks

Miscellaneous Shopping Goods Stores Industry

3rd out of 9 stocks

3.2

Analyst's Opinion

Consensus Rating
Hibbett has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $58.33, Hibbett has a forecasted upside of 22.7% from its current price of $47.54.
Amount of Analyst Coverage
Hibbett has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
15.17% of the float of Hibbett has been sold short.
Short Interest Ratio / Days to Cover
Hibbett has a short interest ratio ("days to cover") of 5.5.
Change versus previous month
Short interest in Hibbett has recently decreased by 3.68%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Hibbett pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hibbett does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hibbett is 11.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hibbett will have a dividend payout ratio of 11.89% next year. This indicates that Hibbett will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hibbett has received a 26.50% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Physical retail of player equipment at a sporting goods store", "Physical retail of game equipment at a sporting goods store", and "Physical retail of activewear at a clothing store" products. See details.
Environmental Sustainability
The Environmental Impact score for Hibbett is -2.22.

2.2

News and Social Media Coverage

News Sentiment
Hibbett has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Hibbett this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for HIBB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hibbett insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.98% of the stock of Hibbett is held by insiders.
Percentage Held by Institutions
94.08% of the stock of Hibbett is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Hibbett are expected to grow by 15.05% in the coming year, from $7.31 to $8.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hibbett is 5.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hibbett is 5.63, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 14.83.
Price to Earnings Growth Ratio
Hibbett has a PEG Ratio of 0.81. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Hibbett has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Hibbett (NASDAQ:HIBB) Stock

Hibbett, Inc. together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores. It also sells its products through online channels. Hibbett, Inc. was founded in 1945 and is headquartered in Birmingham, Alabama.

HIBB Price History

30 days | 90 days | 365 days | Advanced Chart

HIBB Stock News Headlines

October 1, 2023 | americanbankingnews.com

Hibbett (NASDAQ:HIBB) Shares Gap Up to $44.72

September 29, 2023 | americanbankingnews.com

Hibbett, Inc. (NASDAQ:HIBB) Receives Consensus Rating of "Hold" from Brokerages

October 3, 2023 | Behind the Markets (Ad)

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September 20, 2023 | seekingalpha.com

Hibbett: Vulnerabilities In An Uncertain Retail Landscape

September 19, 2023 | finance.yahoo.com

Can Online & Store Efforts Aid Hibbett (HIBB) Amid Inflation?

September 17, 2023 | finance.yahoo.com

Is Hibbett, Inc. (NASDAQ:HIBB) Potentially Undervalued?

September 7, 2023 | bizjournals.com

How Hibbett is navigating consumer spending changes

September 6, 2023 | msn.com

Dick's Sporting Goods, Hibbett, and Academy Sports: Which Is the Best Stock for Investors Right Now?

October 3, 2023 | Behind the Markets (Ad)

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September 5, 2023 | bizjournals.com

Magic City Newsmakers: Church of the Highlands, Sidewalk, Full Moon BBQ, Hibbett

September 3, 2023 | forbes.com

Hibbett Coupon Codes September 2023

August 31, 2023 | finance.yahoo.com

Hibbett (NASDAQ:HIBB) Is Paying Out A Dividend Of $0.25

August 30, 2023 | markets.businessinsider.com

B.Riley Financial Remains a Hold on Hibbett Sports (HIBB)

August 28, 2023 | msn.com

B. Riley Securities Maintains Hibbett (HIBB) Neutral Recommendation

August 28, 2023 | finance.yahoo.com

Hibbett (HIBB) Q2 Earnings Surpass, Sales Miss Estimates

August 28, 2023 | markets.businessinsider.com

Hibbett Analysts On Q2 Earnings: 'Back-To-School Off To Strong Start'

August 28, 2023 | finance.yahoo.com

Hibbett, Inc. (NASDAQ:HIBB) Q2 2024 Earnings Call Transcript

August 27, 2023 | msn.com

Hibbett (NASDAQ:HIBB) Rises on Mixed Q2; Reiterates Outlook

August 26, 2023 | msn.com

Hibbett’s stock pops 9% premarket after better-than-expected profit

August 26, 2023 | proactiveinvestors.com

Hibbett Sporting Goods gets relief rally on ‘better-than-feared’ financials

August 26, 2023 | markets.businessinsider.com

Why Athletic-Inspired Fashion Retailer Hibbett's Shares Are Gaining Today

August 25, 2023 | seekingalpha.com

Hibbett, Inc. (HIBB) Q2 2024 Earnings Call Transcript

August 25, 2023 | theglobeandmail.com

Hibbett (NASDAQ:HIBB) Misses Q2 Sales Targets

August 25, 2023 | msn.com

Hibbett GAAP EPS of $0.85 beats by $0.12, revenue of $374.9M misses by $1.21M

August 25, 2023 | markets.businessinsider.com

Dow Jumps Over 200 Points; Hibbett Posts Upbeat Earnings

August 25, 2023 | finance.yahoo.com

Is Hibbett Inc. (HIBB) Significantly Undervalued?

August 25, 2023 | yahoo.com

Hibbett’s Strong Footwear Sales in Q2 Were Driven by Launches, Premium Brands

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HIBB Company Calendar

Last Earnings: 8/25/2023
Ex-Dividend for 9/19 Dividend: 9/06/2023
Dividend Payable: 9/19/2023
Today: 10/03/2023
Next Earnings (Estimated): 12/05/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous shopping goods stores
Sub-Industry: Specialty Stores
Sector: Retail/Wholesale
Current Symbol: NASDAQ:HIBB
CUSIP: 42856710
CIK: 1017480
Web: www.hibbett.com
Phone: (205) 942-4292
Fax: 205-912-7290
Employees: 11,000
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $58.33
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $40.00
Forecasted Upside/Downside: +22.7%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.44
Trailing P/E Ratio: 5.63
Forward P/E Ratio: 6.50
P/E Growth: 0.81
Net Income: $128.06 million
Net Margins: 6.43%
Pretax Margin: 8.28%
Return on Equity: 29.34%
Return on Assets: 11.60%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.46
Quick Ratio: 0.21

Sales & Book Value

Annual Sales: $1.71 billion
Price / Sales: 0.34
Cash Flow: $13.51 per share
Price / Cash Flow: 3.52
Book Value: $29.56 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 12,390,000
Free Float: 12,025,000
Market Cap: $589.02 million
Optionable: Optionable
Beta: 1.59

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Key Executives

Mr. Michael E. Longo (Age 62)
Pres, CEO & Non-Independent Director
Comp: $864.41k

Mr. Robert J. Volke (Age 59)
Sr. VP of Accounting & Fin. and CFO
Comp: $398.73k

Mr. Benjamin Ashley Knighten (Age 52)
Sr. VP of Store Operations
Comp: $414.42k

Mr. William G. Quinn (Age 46)
Sr. VP of Marketing & Digital
Comp: $414.42k

Mr. Jared S. Briskin (Age 50)
Exec. VP of Merchandising
Comp: $499.42k

Mr. Ronald P. Blahnik (Age 64)
Sr. VP & Chief Information Officer

Mr. Jason Alexander Freuchtel
Director of Fin. & Investor Relations

Mr. David M. Benck (Age 55)
Sr. VP, Gen. Counsel, Chief Privacy Officer, Assistant Sec. & Chief Risk Assessor

Mr. Mark Anthony Gunn
Sr. VP & Chief HR Officer

Mr. Michael C. McAbee (Age 52)
Sr. VP of Supply Chain & Store Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HIBB Stock - Frequently Asked Questions

Should I buy or sell Hibbett stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hibbett in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HIBB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HIBB, but not buy additional shares or sell existing shares.
View HIBB analyst ratings or view top-rated stocks.
What is Hibbett's stock price forecast for 2023?: 7 equities research analysts have issued 1-year price objectives for Hibbett's shares. Their HIBB share price forecasts range from $40.00 to $80.00. On average, they predict the company's stock price to reach $58.33 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
View analysts price targets for HIBB or view top-rated stocks among Wall Street analysts.
How have HIBB shares performed in 2023?: Hibbett's stock was trading at $68.22 at the beginning of the year. Since then, HIBB shares have decreased by 30.3% and is now trading at $47.54.
View the best growth stocks for 2023 here.
When is Hibbett's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our HIBB earnings forecast.
How were Hibbett's earnings last quarter?: Hibbett, Inc. (NASDAQ:HIBB) announced its earnings results on Friday, August, 25th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.17. The company had revenue of $374.90 million for the quarter, compared to analyst estimates of $375.96 million. Hibbett had a trailing twelve-month return on equity of 29.34% and a net margin of 6.43%. The firm's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS.
How often does Hibbett pay dividends? What is the dividend yield for Hibbett?: Hibbett announced a quarterly dividend on Tuesday, August 22nd. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.25 per share on Tuesday, September 19th. This represents a $1.00 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, September 6th.
Read our dividend analysis for HIBB.
What ETFs hold Hibbett's stock?: ETFs with the largest weight of Hibbett (NASDAQ:HIBB) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Direxion Daily Retail Bull 3X Shares (RETL), Roundhill Acquirers Deep Value ETF (DEEP) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).Inspire Small/Mid Cap ETF (ISMD).
Is Hibbett a good dividend stock?: Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.10%. The dividend payout ratio is 11.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIBB will have a dividend payout ratio of 11.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIBB.

What guidance has Hibbett issued on next quarter's earnings?: Hibbett issued an update on its FY24 earnings guidance on Friday, August, 25th. The company provided EPS guidance of $7.00-7.75 for the period, compared to the consensus estimate of $7.18. The company issued revenue guidance of flat to up ~2% to ~$1.71-1.74 billion, compared to the consensus revenue estimate of $1.71 billion.
What is Mike Longo's approval rating as Hibbett's CEO?: 26 employees have rated Hibbett Chief Executive Officer Mike Longo on Glassdoor.com. Mike Longo has an approval rating of 74% among the company's employees.
What other stocks do shareholders of Hibbett own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Hibbett investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Transocean (RIG) and AutoZone (AZO).
What is Hibbett's stock symbol?: Hibbett trades on the NASDAQ under the ticker symbol "HIBB."
How do I buy shares of Hibbett?: Shares of HIBB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Hibbett's stock price today?: One share of HIBB stock can currently be purchased for approximately $47.54.
How much money does Hibbett make?: Hibbett (NASDAQ:HIBB) has a market capitalization of $589.02 million and generates $1.71 billion in revenue each year. The company earns $128.06 million in net income (profit) each year or $8.44 on an earnings per share basis.
How many employees does Hibbett have?: The company employs 11,000 workers across the globe.
Does Hibbett have any subsidiaries?: The following companies are subsidiares of Hibbett: City Gear, Gift Card Services LLC., Hibbett Digital Management LLC, Hibbett Holdings LLC, Hibbett Sporting Goods Inc., and Hibbett Wholesale Inc..
Read More
How can I contact Hibbett?: Hibbett's mailing address is 2700 MILAN COURT, BIRMINGHAM AL, 35211. The official website for the company is www.hibbett.com. The company can be reached via phone at (205) 942-4292, via email at jack.drapacz@cci-ir.com, or via fax at 205-912-7290.

This page (NASDAQ:HIBB) was last updated on 10/3/2023 by MarketBeat.com Staff

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