On November 21, 2023, Hibbett, a publicly traded company (NASDAQ:HIBB), announced its financial results for the quarter. The company reported earnings of $2.05 per share, a notable increase of 5.67% compared to the previous year’s earnings of $1.94 per share. This positive growth reflects the company’s strong performance in the market.
Hibbett’s quarterly sales reached an impressive $431.92 million, surpassing analysts’ consensus estimate of $416.02 million by 3.82%. Although there was a slight decrease of 0.29% in sales compared to the same period last year when the company generated $433.16 million in sales, the overall performance remains solid.
During this quarter, Hibbett achieved a net income of $25.5 million, further highlighting its profitability. As a result of this positive performance, the company has revised its profit guidance, indicating a promising future for the retailer.
For additional information and a more comprehensive overview of Hibbett’s financial results, interested individuals can visit the company’s investor relations website.
Updated on: 04/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
1:00 PM (UTC)
Date:03 December, 2023
|Analyst / firm||Rating|
Robert W. Baird
HIBB Stock Performance and Long-Term Growth Prospects: November 21, 2023 Analysis
HIBB, the stock of Hibbett Sports, had a strong performance on November 21, 2023. The stock opened at $61.57, significantly higher than the previous day’s closing price of $53.70. Throughout the day, HIBB had a trading range of $58.80 to $63.47. The volume of shares traded was 26,655, lower than the average volume of 293,348 over the past three months. The market capitalization of Hibbett Sports was $638.9 million.
In terms of earnings growth, Hibbett Sports experienced a decline of 14.95% in the previous year and a further decline of 25.00% in the current year. However, the company is projected to have a positive earnings growth of 13.97% over the next five years.
The revenue growth for Hibbett Sports in the last year was 1.01%. The price-to-earnings (P/E) ratio for the stock is 7.1, suggesting that the stock may be undervalued compared to its earnings. The price-to-sales ratio is 0.52, indicating that the stock is relatively inexpensive compared to its sales. The price-to-book ratio is 1.75, suggesting that the stock is trading at a reasonable valuation compared to its book value.
On November 21, 2023, Hibbett Sports had a slight decrease in stock price, with a change of -0.08 and a percentage change of -1.61%. This decline could be attributed to various factors such as market conditions or investor sentiment.
Hibbett Sports is a retail trade company in the specialty stores industry. The company is headquartered in Birmingham, Alabama. As of the last reporting date, the company had an EPS forecast of $1.24 for the current quarter. In the previous year, Hibbett Sports generated $1.7 billion in annual revenue and $128.1 million in annual profit. The net profit margin for the company is 7.50%.
Overall, while Hibbett Sports had a slight decline in stock price on November 21, 2023, the company’s long-term growth prospects seem promising. With a positive earnings growth forecast for the next five years and a relatively low valuation compared to its earnings and sales, investors may see potential in HIBB stock. However, it is important to conduct further research and analysis before making any investment decisions.
Hibbett Incs Stock Performance and Analyst Forecasts: A Promising Investment Opportunity
Hibbett Inc, a popular sports retailer, has been attracting the attention of investors with its recent stock performances. On November 21, 2023, the stock’s performance was closely monitored by analysts and investors alike. According to data from CNN Money, eight analysts have provided 12-month price forecasts for Hibbett Inc, with a median target of $59.00. The high estimate stands at $80.00, while the low estimate is $40.00. This median estimate represents a decrease of 2.27% from the last recorded price of $60.37.
The current consensus among the eight polled investment analysts is to buy stock in Hibbett Inc. This rating has remained steady since October, with no changes from the previous buy rating. This suggests that analysts have confidence in the company’s future performance and believe it is a good investment opportunity.
Hibbett Inc reported $1.24 earnings per share for the current quarter, indicating a strong performance. The company’s sales for the same period amounted to $414.1 million, further highlighting its positive financial standing.
Investors eagerly awaited the results to gain insights into the company’s overall performance. These results would provide a clearer picture of the company’s financial health and potentially impact its stock performance.
Hibbett Inc’s consistent buy rating and positive financial indicators, such as strong earnings per share and impressive sales figures, have likely contributed to its positive stock performance. Investors are optimistic about the company’s future prospects, as reflected in the median target price forecasted by analysts.
However, stock performance can be influenced by various factors, including market conditions, industry trends, and company-specific developments. Therefore, it is crucial for investors to conduct thorough research and consider multiple factors before making any investment decisions.
In conclusion, Hibbett Inc’s stock performance on November 21, 2023, was promising, with a median target price forecasted by analysts. The company’s positive financial indicators and consistent buy rating further support the notion that it is a favorable investment opportunity. However, investors should exercise caution and conduct their due diligence to make informed decisions.