Hibbett - HIBB Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hibbett in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HIBB shares.
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6 brokerages have issued 1 year price targets for Hibbett's shares. Their HIBB share price forecasts range from $69.00 to $85.00. On average, they predict the company's share price to reach $78.80 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
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Hibbett's stock was trading at $68.22 at the start of the year. Since then, HIBB shares have decreased by 14.7% and is now trading at $58.18.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 26th 2023.
View our HIBB earnings forecast.

Hibbett, Inc. (NASDAQ:HIBB) announced its quarterly earnings data on Friday, March, 3rd. The company reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by $0.05. The company had revenue of $458.30 million for the quarter, compared to analysts' expectations of $476.57 million. Hibbett had a net margin of 7.50% and a trailing twelve-month return on equity of 38.15%. The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS.

Hibbett announced a quarterly dividend on Wednesday, March 1st. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.25 per share on Tuesday, March 28th. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, March 15th.
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), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Roundhill Acquirers Deep Value ETF (DEEP), Cambria Shareholder Yield ETF (SYLD), Direxion Daily Retail Bull 3X Shares (RETL), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Global X Health & Wellness ETF (BFIT) and Hartford Multifactor Small Cap ETF (ROSC).

Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.59%. The dividend payout ratio is 10.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIBB will have a dividend payout ratio of 9.13% 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 FY 2023 earnings guidance on Friday, March, 3rd. The company provided earnings per share (EPS) guidance of $9.50-$10.00 for the period, compared to the consensus earnings per share estimate of $9.66. 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 institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.20%), LSV Asset Management (5.45%), Macquarie Group Ltd. (4.12%), T. Rowe Price Investment Management Inc. (3.56%), Marshall Wace LLP (2.52%) and Fisher Asset Management LLC (2.09%). 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, 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 $58.18.

Hibbett (NASDAQ:HIBB) has a market capitalization of $740.63 million and generates $1.71 billion in revenue each year. The company earns $128.06 million in net income (profit) each year or $9.60 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.