Equities research analysts forecast that Hibbett Sports, Inc. (NASDAQ:HIBB) will report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hibbett Sports’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.16. Hibbett Sports posted earnings of $0.37 per share during the same quarter last year, which would suggest a negative year over year growth rate of 43.2%. The firm is expected to announce its next quarterly earnings report on Friday, November 16th.

According to Zacks, analysts expect that Hibbett Sports will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.60 to $1.78. For the next financial year, analysts anticipate that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.60 to $1.93. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Hibbett Sports.

Hibbett Sports (NASDAQ:HIBB) last released its earnings results on Friday, August 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). Hibbett Sports had a net margin of 3.79% and a return on equity of 11.04%. The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $215.55 million. During the same period in the previous year, the company earned ($0.15) earnings per share. Hibbett Sports’s revenue was up 12.3% on a year-over-year basis.

Several research firms have commented on HIBB. BidaskClub lowered shares of Hibbett Sports from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet lowered shares of Hibbett Sports from a “b-” rating to a “c+” rating in a report on Monday, July 2nd. Zacks Investment Research lowered shares of Hibbett Sports from a “hold” rating to a “strong sell” rating in a report on Friday, October 5th. ValuEngine raised shares of Hibbett Sports from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Credit Suisse Group upped their price target on shares of Hibbett Sports from $16.50 to $20.00 and gave the company an “underperform” rating in a report on Friday, June 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Hibbett Sports currently has a consensus rating of “Hold” and a consensus price target of $22.31.

Several hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System boosted its stake in shares of Hibbett Sports by 3.8% during the 2nd quarter. New York State Teachers Retirement System now owns 61,571 shares of the company’s stock worth $1,410,000 after acquiring an additional 2,261 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Hibbett Sports by 4.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 60,484 shares of the company’s stock worth $1,385,000 after acquiring an additional 2,554 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Hibbett Sports during the 2nd quarter worth about $101,000. Northern Trust Corp boosted its stake in shares of Hibbett Sports by 2.1% during the 2nd quarter. Northern Trust Corp now owns 238,606 shares of the company’s stock worth $5,464,000 after acquiring an additional 4,995 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Hibbett Sports by 35.5% during the 2nd quarter. Aperio Group LLC now owns 21,805 shares of the company’s stock worth $499,000 after acquiring an additional 5,717 shares in the last quarter.

NASDAQ:HIBB opened at $17.77 on Friday. Hibbett Sports has a one year low of $12.60 and a one year high of $29.60. The firm has a market capitalization of $336.42 million, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.36 and a beta of 0.64.

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. As of March 28, 2018, it operated approximately 1,000 stores primarily in small and mid-sized communities in the United States.

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

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