Hibbett (HIBB) Scheduled to Post Quarterly Earnings on Tuesday

Hibbett (NASDAQ:HIBBGet Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, November 29th. Analysts expect the company to announce earnings of $2.54 per share for the quarter. Hibbett has set its FY23 guidance at $9.75-10.50 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Hibbett (NASDAQ:HIBBGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.40). Hibbett had a return on equity of 34.89% and a net margin of 6.76%. The company had revenue of $392.80 million during the quarter, compared to analyst estimates of $394.44 million. During the same period in the previous year, the company posted $2.86 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts expect Hibbett to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Hibbett Trading Down 1.9 %

Shares of HIBB opened at $65.21 on Tuesday. Hibbett has a 1 year low of $39.58 and a 1 year high of $101.65. The stock has a 50 day simple moving average of $58.04 and a 200-day simple moving average of $52.78. The stock has a market cap of $835.14 million, a PE ratio of 8.49, a PEG ratio of 1.87 and a beta of 1.76.

Hibbett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Thursday, September 8th were issued a $0.25 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. Hibbett’s payout ratio is presently 13.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HIBB. JPMorgan Chase & Co. boosted its position in Hibbett by 98.6% in the 1st quarter. JPMorgan Chase & Co. now owns 226,705 shares of the company’s stock valued at $10,053,000 after buying an additional 112,526 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Hibbett by 3.9% in the 1st quarter. HighTower Advisors LLC now owns 10,427 shares of the company’s stock worth $462,000 after purchasing an additional 395 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Hibbett in the 1st quarter worth $50,000. MetLife Investment Management LLC boosted its position in shares of Hibbett by 15.6% in the 1st quarter. MetLife Investment Management LLC now owns 6,500 shares of the company’s stock worth $288,000 after purchasing an additional 876 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Hibbett by 153.0% in the 1st quarter. Sei Investments Co. now owns 13,514 shares of the company’s stock worth $599,000 after purchasing an additional 8,172 shares during the last quarter. 99.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HIBB shares. Bank of America upgraded Hibbett from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, October 25th. StockNews.com started coverage on Hibbett in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Seaport Res Ptn upgraded Hibbett from a “neutral” rating to a “buy” rating in a research report on Friday, August 26th. Robert W. Baird increased their price target on Hibbett from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. Finally, Telsey Advisory Group increased their price target on Hibbett from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

About Hibbett

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Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.

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Earnings History for Hibbett (NASDAQ:HIBB)

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