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

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

Hibbett Sports stock opened at $28.95 on Friday. The firm has a market cap of $539.32 million, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. The company has a current ratio of 3.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01. Hibbett Sports has a 1-year low of $9.40 and a 1-year high of $29.50.

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

A number of research firms have issued reports on HIBB. Zacks Investment Research upgraded shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. Canaccord Genuity increased their target price on shares of Hibbett Sports from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America cut their target price on shares of Hibbett Sports from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 19th. ValuEngine downgraded shares of Hibbett Sports from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Hibbett Sports has an average rating of “Hold” and a consensus price target of $21.29.

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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