Hibbett Sports (NASDAQ:HIBB) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.11. Hibbett Sports also updated its FY 2020 guidance to $2.15-2.25 EPS.
Shares of HIBB stock opened at $15.16 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.74 and a quick ratio of 0.62. Hibbett Sports has a fifty-two week low of $13.08 and a fifty-two week high of $25.24. The stock’s 50-day moving average is $17.81 and its two-hundred day moving average is $19.52. The firm has a market cap of $288.94 million, a P/E ratio of 8.56, a PEG ratio of 1.20 and a beta of 0.38.
Hibbett Sports (NASDAQ:HIBB) last issued its earnings results on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. Hibbett Sports had a return on equity of 12.28% and a net margin of 3.19%. The company had revenue of $252.40 million for the quarter, compared to analyst estimates of $255.71 million. During the same period in the prior year, the firm posted ($0.06) EPS. The business’s revenue was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Hibbett Sports will post 2.1 EPS for the current year.
Several research analysts have weighed in on HIBB shares. Zacks Investment Research lowered Hibbett Sports from a strong-buy rating to a hold rating and set a $21.00 target price on the stock. in a research report on Monday, July 29th. Robert W. Baird upped their target price on Hibbett Sports to $26.00 and gave the stock a neutral rating in a research report on Friday, May 24th. BidaskClub lowered Hibbett Sports from a hold rating to a sell rating in a research report on Tuesday. Finally, Bank of America upped their target price on Hibbett Sports from $18.00 to $20.00 and gave the stock an underperform rating in a research report on Monday, May 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Hibbett Sports currently has a consensus rating of Hold and an average target price of $22.06.
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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