Hibbett Sports (HIBB) to Release Earnings on Friday

Hibbett Sports (NASDAQ:HIBB) is set to post its quarterly earnings results before the market opens on Friday, August 23rd. Analysts expect Hibbett Sports to post earnings of ($0.13) per share for the quarter. Hibbett Sports has set its FY 2020 guidance at $2.00-2.15 EPS and its FY20 guidance at $2.00-2.15 EPS.

Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Friday, May 24th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.32. Hibbett Sports had a net margin of 3.19% and a return on equity of 12.28%. The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $328.16 million. During the same period in the prior year, the firm earned $1.12 EPS. The business’s revenue was up 25.0% on a year-over-year basis. On average, analysts expect Hibbett Sports to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Hibbett Sports stock opened at $16.16 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.74 and a quick ratio of 0.62. Hibbett Sports has a fifty-two week low of $13.08 and a fifty-two week high of $29.60. The firm has a fifty day moving average price of $17.89 and a two-hundred day moving average price of $19.52. The company has a market cap of $277.14 million, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.13 and a beta of 0.38.

A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America raised their price objective on shares of Hibbett Sports from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Monday, May 27th. Robert W. Baird raised their price objective on shares of Hibbett Sports to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Zacks Investment Research downgraded shares of Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $22.65.

In related news, CEO Jeffry O. Rosenthal sold 30,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $25.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief executive officer now owns 65,097 shares in the company, valued at approximately $1,627,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Hibbett Sports Company Profile

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. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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Earnings History for Hibbett Sports (NASDAQ:HIBB)

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