Hibbett (HIBB) Stock Forecast, Price & News

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.

7 Wall Street analysts have issued 12-month price targets for Hibbett's shares. Their HIBB share price forecasts range from $50.00 to $85.00. On average, they expect the company's share price to reach $72.80 in the next year. This suggests a possible upside of 98.9% from the stock's current price.
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Hibbett's stock was trading at $68.22 at the beginning of 2023. Since then, HIBB stock has decreased by 46.3% and is now trading at $36.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our HIBB earnings forecast.

Hibbett, Inc. (NASDAQ:HIBB) announced its quarterly earnings data on Friday, May, 26th. The company reported $2.74 EPS for the quarter, missing the consensus estimate of $2.98 by $0.24. The firm earned $455.50 million during the quarter, compared to analysts' expectations of $458.28 million. Hibbett had a net margin of 7.16% and a trailing twelve-month return on equity of 34.71%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $2.89 earnings per share.

Hibbett announced a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Thursday, June 8th will be given a dividend of $0.25 per share on Tuesday, June 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, June 7th.
Read our dividend analysis for HIBB.

ETFs with the largest weight of Hibbett (NASDAQ:HIBB) stock in their portfolio include SPDR S&P Retail ETF (XRT), Cambria Shareholder Yield ETF (SYLD), Direxion Daily Retail Bull 3X Shares (RETL), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hartford Multifactor Small Cap ETF (ROSC), Global X Health & Wellness ETF (BFIT) and Distillate Small/Mid Cash Flow ETF (DSMC).

Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.79%. The dividend payout ratio is 10.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIBB will have a dividend payout ratio of 11.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIBB.

Hibbett issued an update on its FY 2024 earnings guidance on Tuesday, May, 30th. The company provided earnings per share guidance of $7.00-$7.75 for the period, compared to the consensus EPS estimate of $9.14. The company issued revenue guidance of -.

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.

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).

Hibbett trades on the NASDAQ under the ticker symbol "HIBB."

Hibbett's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.19%), Dimensional Fund Advisors LP (6.74%), LSV Asset Management (5.32%), State Street Corp (4.78%), Macquarie Group Ltd. (4.12%) and Macquarie Group Ltd. (4.12%). Insiders that own company stock include Alton E Yother, Alton E Yother, Anthony F Crudele, Benjamin Ashley Knighten, David Mitchell Benck, Dorlisa K Flur, James A Hilt, Jane F Aggers, Michael E Longo, Ronald P Blahnik, Terrance G Finley, Terrance G Finley and William G Quinn.
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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.
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One share of HIBB stock can currently be purchased for approximately $36.61.

Hibbett (NASDAQ:HIBB) has a market capitalization of $466.78 million and generates $1.71 billion in revenue each year. The company earns $128.06 million in net income (profit) each year or $9.45 on an earnings per share basis.

The company employs 11,000 workers across the globe.

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.