Hibbett Sports (NASDAQ:HIBB) announced its quarterly earnings results on Friday. The company reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.32, MarketWatch Earnings reports. Hibbett Sports had a net margin of 2.82% and a return on equity of 9.95%. The firm had revenue of $343.30 million for the quarter, compared to the consensus estimate of $328.16 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Hibbett Sports updated its FY 2020 guidance to $2.00-2.15 EPS and its FY20 guidance to $2.00-2.15 EPS.
NASDAQ:HIBB traded up $4.14 during trading hours on Friday, reaching $23.96. 6,829,926 shares of the company were exchanged, compared to its average volume of 664,622. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 2.12. The stock has a market capitalization of $440.51 million, a PE ratio of 13.54, a P/E/G 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.
Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC raised its position in Hibbett Sports by 464.0% during the fourth quarter. FNY Investment Advisers LLC now owns 2,713 shares of the company’s stock worth $38,000 after acquiring an additional 2,232 shares during the period. Quantamental Technologies LLC acquired a new position in Hibbett Sports during the fourth quarter worth $70,000. NumerixS Investment Technologies Inc acquired a new position in Hibbett Sports during the fourth quarter worth $82,000. Oregon Public Employees Retirement Fund acquired a new position in Hibbett Sports during the fourth quarter worth $101,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Hibbett Sports by 407.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,583 shares of the company’s stock worth $108,000 after acquiring an additional 6,090 shares during the period.
A number of analysts recently issued reports on HIBB shares. Zacks Investment Research downgraded shares of Hibbett Sports from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. BidaskClub downgraded shares of Hibbett Sports from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 23rd. Robert W. Baird increased their price target on shares of Hibbett Sports from $16.00 to $23.00 and gave the stock a “positive” rating in a report on Friday, March 22nd. Finally, ValuEngine raised shares of Hibbett Sports from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Hibbett Sports currently has a consensus rating of “Hold” and an average target price of $22.05.
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.
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