Wall Street brokerages forecast that Hibbett Sports, Inc. (NASDAQ:HIBB) will announce $216.26 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hibbett Sports’ earnings. The lowest sales estimate is $214.95 million and the highest is $218.20 million. Hibbett Sports reported sales of $237.83 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, November 27th.

According to Zacks, analysts expect that Hibbett Sports will report full-year sales of $948.43 million for the current fiscal year, with estimates ranging from $946.10 million to $951.60 million. For the next fiscal year, analysts expect that the business will post sales of $950.41 million, with estimates ranging from $942.30 million to $960.03 million. Zacks Investment Research’s sales averages 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 quarterly earnings data on Friday, August 24th. The company reported ($0.06) 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 company had revenue of $211.10 million during the quarter, compared to the consensus estimate of $215.55 million. During the same period in the prior year, the firm posted ($0.15) earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year.

Several research analysts have recently weighed in on HIBB shares. ValuEngine upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and set a $31.00 price objective on shares of Hibbett Sports in a research note on Friday, August 17th. BidaskClub upgraded shares of Hibbett Sports from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Stephens boosted their price objective on shares of Hibbett Sports from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research upgraded shares of Hibbett Sports from a “strong sell” rating to a “hold” rating in a research note on Friday, September 7th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.83.

Several institutional investors have recently modified their holdings of HIBB. Legal & General Group Plc lifted its position in shares of Hibbett Sports by 8.2% during the third quarter. Legal & General Group Plc now owns 40,435 shares of the company’s stock valued at $768,000 after purchasing an additional 3,069 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Hibbett Sports by 162.5% during the third quarter. AQR Capital Management LLC now owns 451,308 shares of the company’s stock valued at $8,485,000 after purchasing an additional 279,353 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Hibbett Sports by 59.7% during the third quarter. MetLife Investment Advisors LLC now owns 16,299 shares of the company’s stock valued at $306,000 after purchasing an additional 6,090 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Hibbett Sports by 280.1% during the third quarter. Pacer Advisors Inc. now owns 11,451 shares of the company’s stock valued at $215,000 after purchasing an additional 8,438 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new position in shares of Hibbett Sports during the third quarter valued at about $2,272,000.

Shares of Hibbett Sports stock traded down $0.62 during trading on Thursday, hitting $16.85. 619,300 shares of the stock were exchanged, compared to its average volume of 747,580. The firm has a market capitalization of $331.97 million, a PE ratio of 10.34, a P/E/G ratio of 1.36 and a beta of 0.63. Hibbett Sports has a 1-year low of $15.50 and a 1-year high of $29.60.

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.

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

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