Hibbett Inc (NASDAQ: HIBB) closed the day trading at $73.03 down -1.80% from the previous closing price of $74.37. In other words, the price has decreased by -$1.34 from its previous closing price. On the day, 618524 shares were traded.
Ratios:
For a better understanding of HIBB, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 1.06 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 13, 2024, Reiterated its Outperform rating but revised its target price to $82 from $73 previously.
On November 22, 2023, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $60 to $73.
Monness Crespi & Hardt reiterated its Buy rating for the stock on November 22, 2023, while the target price for the stock was revised from $60 to $72.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 01 ’23 when QUINN WILLIAM G sold 2,632 shares for $65.27 per share. The transaction valued at 171,791 led to the insider holds 14,452 shares of the business.
BLAHNIK RONALD P sold 2,200 shares of HIBB for $129,470 on Nov 24 ’23. The SVP and CIO now owns 41,979 shares after completing the transaction at $58.85 per share. On Jun 02 ’23, another insider, Benck David Mitchell, who serves as the SVP General Counsel of the company, bought 2,000 shares for $36.09 each. As a result, the insider paid 72,180 and bolstered with 24,048 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIBB now has a Market Capitalization of 862.75M and an Enterprise Value of 1.25B. As of this moment, Hibbett’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.54, and their Forward P/E ratio for the next fiscal year is 8.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is 6.40.
Stock Price History:
Over the past 52 weeks, HIBB has reached a high of $83.00, while it has fallen to a 52-week low of $34.86. The 50-Day Moving Average of the stock is 71.58, while the 200-Day Moving Average is calculated to be 53.60.
Shares Statistics:
Over the past 3-months, HIBB traded about 199.85K shares per day on average, while over the past 10 days, HIBB traded about 285.5k shares per day. A total of 12.75M shares are outstanding, with a floating share count of 11.46M. Insiders hold about 2.69% of the company’s shares, while institutions hold 99.68% stake in the company. Shares short for HIBB as of Feb 29, 2024 were 1.75M with a Short Ratio of 8.75, compared to 1.61M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.85% and a Short% of Float of 18.61%.
Dividends & Splits
HIBB’s forward annual dividend rate is 1.00, up from 1.00 a year ago. Against a Trailing Annual Dividend Yield of 1.34%, it implies a Forward Annual Dividend Yield of 1.36%. The current Payout Ratio is 10.40% for HIBB, which recently paid a dividend on Apr 02, 2024 with an ex-dividend date of Mar 20, 2024. Stock splits for the company last occurred on Sep 28, 2005 when the company split stock in a 3:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $2.56 for the current quarter, with a high estimate of $2.62 and a low estimate of $2.45, while EPS last year was $2.91. The consensus estimate for the next quarter is $2.73, with high estimates of $2.9 and low estimates of $2.41.
Analysts are recommending an EPS of between $8.25 and $8.07 for the fiscal current year, implying an average EPS of $8.18. EPS for the following year is $8.82, with 7 analysts recommending between $9.54 and $8.25.
Revenue Estimates
7 analysts predict $477.49M in revenue for the current quarter. It ranges from a high estimate of $485.5M to a low estimate of $468.7M. As of the current estimate, Hibbett Inc’s year-ago sales were $458.3M, an estimated increase of 4.20% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for HIBB’s current fiscal year. The highest revenue estimate was $1.75B, while the lowest revenue estimate was $1.73B, resulting in an average revenue estimate of $1.74B. In the same quarter a year ago, actual revenue was $1.71B, up 1.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.81B in the next fiscal year. The high estimate is $1.85B and the low estimate is $1.77B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
