Hibbett Sports, Inc. (HIBB) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Hibbett Sports, Inc. (NASDAQ:HIBB) issued its quarterly earnings data on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05, Bloomberg Earnings reports. Hibbett Sports had a net margin of 5.59% and a return on equity of 16.39%. The company had revenue of $188 million during the quarter, compared to the consensus estimate of $190.31 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. Hibbett Sports updated its FY18 guidance to $1.25-1.35 EPS.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at 11.50 on Friday. The firm has a 50-day moving average of $16.92 and a 200-day moving average of $24.49. The firm has a market cap of $238.81 million, a PE ratio of 4.71 and a beta of 0.71. Hibbett Sports has a 52 week low of $11.35 and a 52 week high of $45.85.

HIBB has been the subject of several research reports. BidaskClub downgraded shares of Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Forward View raised shares of Hibbett Sports from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Zacks Investment Research downgraded shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, May 1st. Robert W. Baird reissued a “neutral” rating and set a $15.00 price objective (down previously from $25.00) on shares of Hibbett Sports in a research report on Tuesday, July 25th. Finally, BMO Capital Markets reissued a “hold” rating and set a $13.00 price objective on shares of Hibbett Sports in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Hibbett Sports has an average rating of “Hold” and an average target price of $26.61.

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Hedge funds have recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its stake in Hibbett Sports by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,520 shares of the company’s stock valued at $260,000 after buying an additional 170 shares during the last quarter. Comerica Bank raised its stake in Hibbett Sports by 0.9% in the first quarter. Comerica Bank now owns 24,304 shares of the company’s stock valued at $629,000 after buying an additional 208 shares during the last quarter. Mason Street Advisors LLC raised its stake in Hibbett Sports by 5.0% in the first quarter. Mason Street Advisors LLC now owns 5,135 shares of the company’s stock valued at $151,000 after buying an additional 245 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Hibbett Sports by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 4,190 shares of the company’s stock valued at $123,000 after buying an additional 291 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Hibbett Sports by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 44,517 shares of the company’s stock valued at $1,313,000 after buying an additional 416 shares during the last quarter.

Hibbett Sports Company Profile

Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

Earnings History for Hibbett Sports (NASDAQ:HIBB)

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