Brokerages expect Hibbett Sports, Inc. (NASDAQ:HIBB) to post $0.16 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Hibbett Sports’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.23. Hibbett Sports reported earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is expected to issue its next quarterly earnings report on Tuesday, November 26th.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.18 to $2.23. For the next year, analysts expect that the company will report earnings of $2.34 per share, with EPS estimates ranging from $2.25 to $2.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last announced its earnings results on Friday, August 23rd. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The business had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $255.71 million. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share.

Several equities research analysts have recently weighed in on HIBB shares. Zacks Investment Research cut 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 research report on Monday, July 29th. ValuEngine lowered shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 27th. Susquehanna Bancshares set a $29.00 price target on shares of Hibbett Sports and gave the company a “buy” rating in a research report on Monday, August 26th. BidaskClub upgraded Hibbett Sports from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird set a $17.00 price target on Hibbett Sports and gave the stock a “hold” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Hibbett Sports presently has a consensus rating of “Hold” and an average price target of $20.26.

Hibbett Sports stock traded up $0.25 during mid-day trading on Friday, hitting $18.52. 752,141 shares of the stock were exchanged, compared to its average volume of 735,533. The stock has a market capitalization of $301.63 million, a price-to-earnings ratio of 10.46, a PEG ratio of 0.70 and a beta of 0.45. Hibbett Sports has a 12 month low of $13.08 and a 12 month high of $25.24. The company has a quick ratio of 0.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $16.65 and its two-hundred day simple moving average is $19.45.

In other news, SVP Ronald P. Blahnik bought 6,125 shares of Hibbett Sports stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $15.84 per share, for a total transaction of $97,020.00. Following the purchase, the senior vice president now directly owns 14,700 shares in the company, valued at approximately $232,848. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Hibbett Sports by 92.7% in the 4th quarter. Bank of America Corp DE now owns 87,442 shares of the company’s stock worth $1,250,000 after purchasing an additional 42,061 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Hibbett Sports by 22.2% during the first quarter. BNP Paribas Arbitrage SA now owns 12,237 shares of the company’s stock valued at $279,000 after acquiring an additional 2,226 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Hibbett Sports in the first quarter valued at approximately $393,000. Victory Capital Management Inc. acquired a new position in Hibbett Sports in the first quarter valued at approximately $971,000. Finally, Systematic Financial Management LP boosted its position in Hibbett Sports by 13.1% in the 1st quarter. Systematic Financial Management LP now owns 69,525 shares of the company’s stock worth $1,586,000 after purchasing an additional 8,055 shares in the last quarter.

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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