At the time of writing, Hibbett Inc [HIBB] stock is trading at $76.81, up 1.23%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HIBB shares have gain 6.37% over the last week, with a monthly amount drifted -4.18%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2024, Hibbett Reports Fourth Quarter and Fiscal 2024 Results. In a post published today on Yahoo Finance, Q4 Diluted EPS of $2.55 & Full Year Diluted EPS of $8.17, in Line With Recent Guidance.
From an analyst’s perspective:
Hibbett Inc [NASDAQ: HIBB] stock has seen the most recent analyst activity on March 18, 2024, when Monness Crespi & Hardt reiterated its Buy rating and also boosted its price target to $82 from $72. Previously, Telsey Advisory Group downgraded its rating to Market Perform on March 18, 2024, and dropped its price target to $74. On March 13, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $82 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $73 on November 22, 2023. Monness Crespi & Hardt reiterated its recommendation of a Buy and raised its price target to $72 on November 22, 2023. B. Riley Securities started tracking with a Neutral rating for this stock on June 29, 2023, and assigned it a price target of $37. In a note dated March 14, 2023, Jefferies initiated an Hold rating and provided a target price of $69 on this stock.
For the past year, the stock price of Hibbett Inc fluctuated between $34.86 and $83.00. Currently, Wall Street analysts expect the stock to reach $68.4 within the next 12 months. Hibbett Inc [NASDAQ: HIBB] shares were valued at $76.81 at the most recent close of the market. An investor can expect a potential drop of -10.95% based on the average HIBB price forecast.
Analyzing the HIBB fundamentals
According to Hibbett Inc [NASDAQ:HIBB], the company’s sales were 1.73B for trailing twelve months, which represents an 1.81% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.29 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.66 points at the first support level, and at 74.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.65, and for the 2nd resistance point, it is at 78.50.
Hibbett Inc [HIBB] reported earnings per share of $2.55 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.56/share, meaning a difference of -$0.01 and a surprise factor of -0.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.05 per share as compared to estimates of $1.18 per share, a difference of $0.87 representing a surprise of 73.70%.
Ratios To Look Out For
It is important to note that Hibbett Inc [NASDAQ:HIBB] has a current ratio of 1.72. Further, the Quick Ratio stands at 0.26, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 9.38.
Transactions by insiders
Recent insider trading involved QUINN WILLIAM G, SVP Marketing and Digital, that happened on Dec 01 ’23 when 2632.0 shares were sold. SVP and CIO, BLAHNIK RONALD P completed a deal on Nov 24 ’23 to sell 2200.0 shares. Meanwhile, SVP General Counsel Benck David Mitchell bought 2000.0 shares on Jun 02 ’23.
