Hibbett, Inc. together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. As of January 29, 2022, the company operated approximately 1,096 retail stores, which include 900 Hibbett Sports stores, 179 City Gear stores, and 17 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.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on HIBB. Telsey Advisory Group lowered their price target on Hibbett from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 24th. Robert W. Baird dropped their target price on shares of Hibbett from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, May 27th. Seaport Res Ptn restated a "neutral" rating on shares of Hibbett in a research report on Wednesday, July 13th. Finally, TheStreet downgraded Hibbett from a "b-" rating to a "c+" rating in a report on Tuesday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.60.
Hibbett Price Performance
Shares of Hibbett stock opened at $59.64 on Friday. The firm has a 50 day simple moving average of $47.90 and a 200 day simple moving average of $47.79. Hibbett has a fifty-two week low of $39.58 and a fifty-two week high of $101.65. The firm has a market cap of $771.44 million, a P/E ratio of 6.87, a P/E/G ratio of 2.49 and a beta of 1.83.
Hibbett (NASDAQ:HIBB - Get Rating) last released its earnings results on Friday, May 27th. The company reported $2.89 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.40). Hibbett had a net margin of 8.01% and a return on equity of 39.56%. The firm had revenue of $424.10 million during the quarter, compared to analyst estimates of $424.20 million. During the same period last year, the business posted $5.00 earnings per share. The firm's quarterly revenue was down 16.3% on a year-over-year basis. On average, sell-side analysts expect that Hibbett will post 9.63 EPS for the current year.
Hibbett Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Thursday, June 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, June 8th. Hibbett's dividend payout ratio (DPR) is presently 11.52%.