Hibbett (HIBB) Stock Forecast, Price & News

7 Wall Street 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 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 brokerages have issued twelve-month target prices for Hibbett's shares. Their HIBB share price forecasts range from $40.00 to $80.00. On average, they anticipate the company's share price to reach $58.33 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
View analysts price targets for HIBB or view top-rated stocks among Wall Street analysts.

Hibbett's stock was trading at $68.22 on January 1st, 2023. Since then, HIBB shares have decreased by 38.1% and is now trading at $42.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our HIBB earnings forecast.

Hibbett, Inc. (NASDAQ:HIBB) posted its quarterly earnings data on Friday, August, 25th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.17. The firm had revenue of $374.90 million for the quarter, compared to the consensus estimate of $375.96 million. Hibbett had a net margin of 6.43% and a trailing twelve-month return on equity of 29.34%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share.

Hibbett declared a quarterly dividend on Tuesday, August 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, September 6th.
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), 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).

Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.28%. 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.

Hibbett updated its FY24 earnings guidance on Friday, August, 25th. The company provided earnings per share guidance of $7.00-7.75 for the period, compared to the consensus EPS 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.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.14%), Dimensional Fund Advisors LP (6.15%), LSV Asset Management (5.35%), State Street Corp (5.05%), Bronte Capital Management Pty Ltd. (4.43%) and Fisher Asset Management LLC (2.17%). 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 $42.22.

Hibbett (NASDAQ:HIBB) has a market capitalization of $523.11 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.

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.