Hibbett - HIBB Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hibbett in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HIBB shares.
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6 equities research analysts have issued twelve-month target prices for Hibbett's shares. Their HIBB share price forecasts range from $75.00 to $80.00. On average, they predict the company's stock price to reach $77.00 in the next twelve months. This suggests a possible upside of 17.0% 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 $71.93 at the start of the year. Since then, HIBB stock has decreased by 8.5% and is now trading at $65.80.
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Hibbett saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,690,000 shares, an increase of 7.0% from the October 31st total of 1,580,000 shares. Based on an average daily volume of 289,800 shares, the days-to-cover ratio is currently 5.8 days. Approximately 14.4% of the shares of the company are sold short.
View Hibbett's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our HIBB earnings forecast.

Hibbett, Inc. (NASDAQ:HIBB) posted its earnings results on Friday, December, 3rd. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.12. The company earned $381.70 million during the quarter, compared to analyst estimates of $358.65 million. Hibbett had a net margin of 6.57% and a trailing twelve-month return on equity of 34.12%. Hibbett's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share.

Hibbett announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.25 per share on Tuesday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, December 7th.
Read our dividend analysis for HIBB.

Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.55%. The dividend payout ratio is 12.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIBB will have a dividend payout ratio of 9.42% 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 FY23 earnings guidance on Tuesday, November, 29th. The company provided earnings per share guidance of $9.75-10.50 for the period, compared to the consensus estimate of $9.80. The company issued revenue guidance of to increase low-single digits, compared to the consensus revenue estimate of $1.72 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. (16.12%), Vanguard Group Inc. (7.64%), Dimensional Fund Advisors LP (6.59%), LSV Asset Management (5.54%), State Street Corp (4.27%) and Macquarie Group Ltd. (4.04%). 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, Scott Randall Humphrey, 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 $65.80.

Hibbett (NASDAQ:HIBB) has a market capitalization of $837.50 million and generates $1.69 billion in revenue each year. The company earns $174.31 million in net income (profit) each year or $7.94 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.