Hibbett Sports (NASDAQ:HIBB) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.00-2.15 for the period, compared to the Thomson Reuters consensus estimate of $1.89. Hibbett Sports also updated its FY 2020 guidance to $2.00-2.15 EPS.

Hibbett Sports stock opened at $23.96 on Friday. The company has a quick ratio of 0.51, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $440.51 million, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 4.69 and a beta of 0.71. Hibbett Sports has a twelve month low of $13.08 and a twelve month high of $29.60.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings results on Friday, May 24th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.29. The business had revenue of $343.30 million during the quarter, compared to the consensus estimate of $328.16 million. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, equities analysts anticipate that Hibbett Sports will post 1.88 EPS for the current fiscal year.

HIBB has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Hibbett Sports from a hold rating to a sell rating in a research report on Tuesday, January 29th. ValuEngine upgraded shares of Hibbett Sports from a strong sell rating to a sell rating in a research report on Tuesday, February 5th. BidaskClub upgraded shares of Hibbett Sports from a buy rating to a strong-buy rating in a research report on Thursday, February 14th. Consumer Edge cut shares of Hibbett Sports from an overweight rating to an equal weight rating and set a $18.54 price objective on the stock. in a research report on Thursday, March 21st. Finally, Robert W. Baird boosted their price objective on shares of Hibbett Sports from $16.00 to $23.00 and gave the company a positive rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Hibbett Sports presently has a consensus rating of Hold and an average price target of $21.75.

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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. 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.

Further Reading: Price-Sales Ratio

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