Hibbett Inc. (NASDAQ:HIBB) price on Friday, October 08, fall -1.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $75.95.
A look at the stock’s price movement, the close in the last trading session was $76.76. The beta value (5-Year monthly) was 1.83 while the PE ratio in trailing twelve months stood at 7.11. Turning to its 52-week performance, $100.32 and $35.61 were the 52-week high and 52-week low respectively. Overall, HIBB moved -7.56% over the past month.
Hibbett Inc.’s market cap currently stands at around $1.10 billion, with investors looking forward to this quarter’s earnings report slated for Nov 18, 2021 – Nov 22, 2021. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 1.32%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.45, which has seen fiscal year 2022 EPS growth forecast to increase to $11.01 and about $9.75 for fiscal year 2023. Per the data, EPS growth is expected to be 79.90% for 2021 and -11.40% for the next financial year.
Analysts have a consensus estimate of $359.28 million for the company’s revenue for the quarter, with a low and high estimate of $356.2 million and $364.6 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.69 billion, representing a 19.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HIBB is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend HIBB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.99, with HIBB’s current price about -1.31% and -9.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.85, while 7-day volatility ratio is 4.79% and 5.26% in the 30-day chart. Further, Hibbett Inc. (HIBB) has a beta value of 1.93, and an average true range (ATR) of 4.28. Analysts have given the company’s stock an average 52-week price target of $121.17, forecast between a low of $100.00 and high of $152.00. Looking at the price targets, the low is -31.67% off current price level while to achieve the yearly target high, price needs to move -100.13%. Nonetheless, investors will most likely welcome a -58.0% jump to $120.00 which is the analysts’ median price.
In the market, a comparison of Hibbett Inc. (HIBB) and its peers suggest the former has performed considerably weaker. Data shows HIBB’s intraday price has changed -1.06% in last session and 48.60% over the past year. Comparatively, DICK’S Sporting Goods Inc. (DKS) has moved -3.24% on the day and only 97.12% in the past 12 months. Looking at another peer, we see that Regis Corporation (RGS) price has gained 3.70% on the day. However, the stock is -57.04% off its price a year ago. Moreover, Foot Locker Inc. (FL) is also down -0.48% in trading on the day while keeping a an uptrend of 23.37% over the past year. If we look at the PE ratio, we find that Hibbett Inc.’s ratio stands at 7.11 compared to DICK’S Sporting Goods Inc.’s 9.68. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.
If we refocus on Hibbett Inc. (NASDAQ:HIBB), historical trading data shows that trading volumes averaged 0.61 million over the past 10 days and 512.14K over the past 3 months. The company’s latest data on shares outstanding shows there are 15.69 million shares.
The 1.20% of Hibbett Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 2.84 million on Aug 30, 2021, giving us a short ratio of 6.01. The data shows that as of Aug 30, 2021 short interest in Hibbett Inc. (HIBB) stood at 18.83% of shares outstanding, with shares short rising to 2.49 million registered in Jul 29, 2021. Current price change has pushed the stock 64.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HIBB stock continues to rise going into the next quarter.