Analysts predict that Hibbett Sports, Inc. (NASDAQ:HIBB) will report sales of $299.30 million for the current quarter, according to Zacks. Two analysts have made estimates for Hibbett Sports’ earnings, with the highest sales estimate coming in at $319.90 million and the lowest estimate coming in at $278.70 million. Hibbett Sports reported sales of $266.74 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The company is scheduled to issue its next earnings report on Friday, March 15th.
On average, analysts expect that Hibbett Sports will report full year sales of $1.00 billion for the current fiscal year, with estimates ranging from $981.50 million to $1.02 billion. For the next financial year, analysts anticipate that the company will post sales of $1.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hibbett Sports.
Hibbett Sports (NASDAQ:HIBB) last issued its quarterly earnings results on Tuesday, November 27th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $216.89 million during the quarter, compared to analyst estimates of $217.56 million. Hibbett Sports had a return on equity of 9.45% and a net margin of 3.25%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIBB. Millennium Management LLC raised its holdings in shares of Hibbett Sports by 2,591.2% in the 2nd quarter. Millennium Management LLC now owns 415,043 shares of the company’s stock worth $9,504,000 after purchasing an additional 399,621 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Hibbett Sports by 170.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 526,400 shares of the company’s stock worth $9,896,000 after purchasing an additional 331,900 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hibbett Sports by 162.5% in the 3rd quarter. AQR Capital Management LLC now owns 451,308 shares of the company’s stock worth $8,485,000 after purchasing an additional 279,353 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $6,272,000. Finally, American Century Companies Inc. bought a new stake in shares of Hibbett Sports in the 2nd quarter worth approximately $5,533,000.
Shares of NASDAQ:HIBB opened at $15.72 on Friday. The company has a market capitalization of $288.92 million, a PE ratio of 9.64, a P/E/G ratio of 1.22 and a beta of 0.56. Hibbett Sports has a twelve month low of $14.86 and a twelve month high of $29.60. The company has a quick ratio of 1.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.08.
Hibbett Sports Company Profile
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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.
Featured Article: What are the risks of holding treasury bonds?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hibbett Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett Sports and related companies with MarketBeat.com's FREE daily email newsletter.