Hibbett Sports (HIBB) Issues Earnings Results, Misses Expectations By $0.03 EPS

Hibbett Sports (NASDAQ:HIBB) issued its earnings results on Friday. The company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.03), MarketWatch Earnings reports. The business had revenue of $274.70 million for the quarter, compared to the consensus estimate of $276.98 million. Hibbett Sports had a return on equity of 10.37% and a net margin of 3.62%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Hibbett Sports updated its FY19 guidance to $1.65-1.95 EPS.

Hibbett Sports stock opened at $28.95 on Friday. Hibbett Sports has a 52 week low of $9.40 and a 52 week high of $29.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 0.81. The company has a market capitalization of $539.32 million, a P/E ratio of 17.76, a PEG ratio of 1.85 and a beta of 0.83.

A number of analysts recently weighed in on HIBB shares. Robert W. Baird raised their target price on shares of Hibbett Sports to $24.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Canaccord Genuity set a $31.00 target price on shares of Hibbett Sports and gave the stock a “buy” rating in a report on Monday, February 26th. Credit Suisse Group raised their target price on shares of Hibbett Sports from $13.50 to $16.50 and gave the stock a “sell” rating in a report on Monday, March 19th. BidaskClub upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, Consumer Edge upgraded shares of Hibbett Sports from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Hibbett Sports has a consensus rating of “Hold” and an average target price of $21.29.



In related news, VP Cathy E. Pryor sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total value of $146,770.00. Following the completion of the transaction, the vice president now owns 13,300 shares of the company’s stock, valued at approximately $300,314. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alton E. Yother sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $28.20, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at approximately $457,883.40. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

Earnings History for Hibbett Sports (NASDAQ:HIBB)

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