Equities research analysts expect that Hibbett Sports (NASDAQ:HIBB) will post earnings of $1.13 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hibbett Sports’ earnings. The highest EPS estimate is $1.21 and the lowest is $1.06. Hibbett Sports posted earnings per share of $0.97 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.5%. The business is expected to announce its next earnings report on Thursday, May 17th.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.80 to $1.95. For the next year, analysts anticipate that the business will post earnings of $2.08 per share, with EPS estimates ranging from $1.90 to $2.23. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Hibbett Sports.

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Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings results on Friday, March 16th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. The business had revenue of $266.70 million during the quarter, compared to analyst estimates of $261.37 million. Hibbett Sports had a net margin of 3.62% and a return on equity of 10.37%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS.

A number of research firms recently weighed in on HIBB. BidaskClub raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. ValuEngine raised shares of Hibbett Sports from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Canaccord Genuity set a $29.00 price target on shares of Hibbett Sports and gave the company a “buy” rating in a report on Tuesday, April 3rd. Credit Suisse Group raised their price target on shares of Hibbett Sports from $13.50 to $16.50 and gave the company a “sell” rating in a report on Monday, March 19th. Finally, Bank of America lowered their price target on shares of Hibbett Sports from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.30.

In other Hibbett Sports news, VP Cathy E. Pryor sold 6,500 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $22.58, for a total transaction of $146,770.00. Following the completion of the transaction, the vice president now directly owns 13,300 shares of the company’s stock, valued at approximately $300,314. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alton E. Yother sold 5,000 shares of Hibbett Sports stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $28.20, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at $457,883.40. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its holdings in shares of Hibbett Sports by 26.8% in the 4th quarter. Aperio Group LLC now owns 15,899 shares of the company’s stock valued at $324,000 after buying an additional 3,364 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Hibbett Sports by 47.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 20,218 shares of the company’s stock valued at $288,000 after buying an additional 6,505 shares during the period. Rhumbline Advisers boosted its holdings in shares of Hibbett Sports by 15.2% in the 4th quarter. Rhumbline Advisers now owns 51,739 shares of the company’s stock valued at $1,055,000 after buying an additional 6,811 shares during the period. TCW Group Inc. boosted its holdings in shares of Hibbett Sports by 6.5% in the 4th quarter. TCW Group Inc. now owns 142,726 shares of the company’s stock valued at $2,912,000 after buying an additional 8,726 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Hibbett Sports by 51.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,229 shares of the company’s stock valued at $388,000 after buying an additional 9,283 shares during the period.

HIBB traded up $0.15 during trading hours on Thursday, reaching $26.90. 81,778 shares of the stock traded hands, compared to its average volume of 801,589. The firm has a market cap of $504.73, a price-to-earnings ratio of 16.41, a PEG ratio of 1.71 and a beta of 0.84. Hibbett Sports has a fifty-two week low of $9.40 and a fifty-two week high of $29.17. The company has a current ratio of 3.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01.

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Hibbett Sports Company Profile

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores in small and mid-sized markets primarily in the South, Southwest, Mid-Atlantic, and the Midwest regions of the United States. Its stores offer a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.

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

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