Equities analysts expect Hibbett Sports, Inc. (NASDAQ:HIBB) to report sales of $257.44 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hibbett Sports’ earnings, with estimates ranging from $236.80 million to $270.81 million. Hibbett Sports reported sales of $246.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings report on Friday, March 9th.

On average, analysts expect that Hibbett Sports will report full-year sales of $257.44 million for the current fiscal year, with estimates ranging from $916.30 million to $972.29 million. For the next financial year, analysts forecast that the firm will report sales of $954.64 million per share, with estimates ranging from $913.20 million to $974.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last posted its earnings results on Friday, November 17th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.15. The firm had revenue of $237.80 million for the quarter, compared to the consensus estimate of $219.38 million. Hibbett Sports had a return on equity of 11.38% and a net margin of 3.94%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share.

A number of equities research analysts recently issued reports on the company. ValuEngine upgraded Hibbett Sports from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. SunTrust Banks reiterated a “hold” rating and issued a $13.00 price objective on shares of Hibbett Sports in a research report on Tuesday, October 17th. Canaccord Genuity upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Monday, January 8th. Finally, Zacks Investment Research upgraded Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Hibbett Sports has a consensus rating of “Hold” and a consensus price target of $21.53.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in Hibbett Sports by 31.6% during the second quarter. Ameriprise Financial Inc. now owns 153,245 shares of the company’s stock valued at $3,180,000 after purchasing an additional 36,793 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Hibbett Sports during the second quarter valued at about $805,000. First Quadrant L P CA raised its position in Hibbett Sports by 195.3% during the third quarter. First Quadrant L P CA now owns 99,372 shares of the company’s stock valued at $1,416,000 after purchasing an additional 65,725 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Hibbett Sports during the second quarter valued at about $280,000. Finally, SG Americas Securities LLC raised its position in Hibbett Sports by 114.3% during the third quarter. SG Americas Securities LLC now owns 36,561 shares of the company’s stock valued at $521,000 after purchasing an additional 19,502 shares in the last quarter.

Shares of Hibbett Sports (NASDAQ:HIBB) opened at $24.95 on Friday. The stock has a market capitalization of $474.36, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 7.55 and a beta of 0.96. Hibbett Sports has a 12-month low of $9.40 and a 12-month high of $34.75.

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About Hibbett Sports

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.

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Earnings History and Estimates for Hibbett Sports (NASDAQ:HIBB)

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