17.89 0.00 (0.00%)
After hours: 4:28PM EST
|Bid||17.89 x 1300|
|Ask||19.00 x 800|
|Day's Range||17.38 - 18.55|
|52 Week Range||15.50 - 29.60|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||9.28|
|Earnings Date||Nov 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.40|
BIRMINGHAM, Ala., Nov. 7, 2018 /PRNewswire/ -- Hibbett Sporting Goods Inc. (HIBB), a U.S. based athleisure retailer operating more than 1,000 premium athletic apparel, footwear and equipment stores in small and mid-sized markets, today announced they are the exclusive Nike N7 retail partner. In alignment with Native American Heritage Month, the latest N7 line, benefitting the N7 Fund, will launch on November 7, 2018. The exclusive N7 footwear and apparel line will be available in 50 Hibbett Sports stores in 17 states and online at www.Hibbett.com/NikeN7.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
What a day Tuesday turned out to be, and I am not referring to the S&P 500's positive day, which put it back into modestly positive territory year-to-date. Tuesday was filled with dividend cuts, and deals/potential deals within the mainstream and the outskirts of deep value land, as earnings season kicked in to high gear. finally did what some expected, cutting their dividend, as shares sank to 2009 levels, following a worse than expected third quarter earnings release on both the top and bottom lines.
BIRMINGHAM, Ala., Oct. 31, 2018 -- Hibbett Sports, Inc. (Nasdaq/GS: HIBB) today announced details for the release of its results for the third quarter ended November 3, 2018..
“City Gear caters to the fashion-forward consumer, which has been the best-performing segment of our business for some time.”
Hibbett Sports Inc. shares jumped 7% in Tuesday trading after the retailer announced it has entered into an agreement to acquire City Gear, a specialty athletic footwear retailer with 135 stores in 15 states. Hibbett will pay $88 million in cash at the closing of the deal, with a potential $25 million more over two years for reaching performance-based targets. City Gear will operate as a subsidiary from its Memphis headquarters. One-time transaction costs are expected to be earnings dilutive by 4 cents to 5 cents per share in the third quarter, and 8 cents to 10 cents per share in the fourth quarter. The deal is expected to be accretive for fiscal 2020. Hibbett shares are up 49% for the past year while the S&P 500 index has gained 3.3% for the period.
Hibbett Sports Inc. (Nasdaq: HIBB) plans to acquire City Gear, a Memphis-based athletic footwear, apparel and accessory company in a deal that could eventually be valued at more than $113 million. City Gear has 135 stores in 13 states and recorded more than $130 million in revenue last year. Birmingham-based Hibbett has more than 1,000 stores and ranks among the metro area's largest publicly traded companies.
“City Gear represents a key brand with the fashion-forward consumer and will allow us to extend our customer base and provide a significant opportunity for growth.”
Hibbett Sports, Inc. (NASDAQ/GS: HIBB), an athletic specialty retailer, today announced that it has signed a definitive agreement to acquire privately held City Gear, a city specialty retailer of premium athletic footwear, apparel and accessories with 135 stores in 15 states. Terms of the transaction include consideration of $88 million in cash to be paid at closing and the potential for up to $25 million in additional consideration paid over the next two years, subject to certain performance-based targets. City Gear will operate as a subsidiary of Hibbett Sporting Goods, Inc., from City Gear’s current headquarters in Memphis, Tennessee, and will continue to be led by members of City Gear’s senior management team.
BIRMINGHAM, Ala. , Oct. 19, 2018 /PRNewswire/ -- Hibbett Sports (NASDAQ: HIBB), a Birmingham based premium athleisure retailer, today announced support of the American Red Cross in Hurricane Michael relief ...
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning about how to value company based on its Read More...
NEW YORK, Oct. 11, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Hibbett Sports Inc. (Nasdaq: HIBB) is launching new services for its locations that will allow customers to buy and reserve items online and pick them up in the store. “Our Omnichannel investments make it possible for customers to buy products online to pick up in store, as well as, reserve items to try on at our stores,” said Jeff Rosenthal, resident and CEO of Hibbett. “Also, instead of having to check each item for in store availability, customers can shop their entire local store in a dedicated section on our website.
Customers nationwide can now shop their local store on www.Hibbett.com and either reserve items or make a purchase, before arriving at their nearest Hibbett Sports location, for pickup. To kick off the new BOPIS/ROPIS options, Hibbett is hosting a BOPIS/ROPIS giveaway for shoppers to win a $500 shopping spree at a Hibbett Sports store. Beginning on October 1, 2018 through October 26, 2018, anyone who makes a purchase using either the new Reserve Online or Buy Online, Pick Up in Store features, will automatically be entered into the drawing.
Dick’s Sporting Goods (DKS) has an extensive share repurchase plan in place. In contrast, Foot Locker (FL) repurchased 4.4 million shares for $205 million in the first half of fiscal 2018, and as of August 4, $554 million in stock was available for repurchase. Big 5 Sporting Goods (BGFV) repurchased $0.4 million in stock in the first half of fiscal 2018, and as of July 1, it had $15.3 million available for repurchase.
As of yesterday, Dick’s Sporting Goods’ (DKS) 12-month forward PE ratio, a metric used for making investment decisions for companies within the same sector, was 11.4x. Meanwhile, Foot Locker’s (FL) ratio was lower at 10.1x, and Hibbett Sports (HIBB) was on par with Dick’s Sporting Goods’. Big 5 Sporting Goods (BGFV) had a higher ratio, of 14.3x.
Of the 30 analysts covering Dick’s Sporting Goods (DKS) stock, 70% recommend “hold,” 27% recommend “buy,” and 3% recommend “sell.” The company, which is investing in digital and omnichannel capabilities and creating a leaner supply chain, expects its private brands to strengthen this year as it allocates more store space to brands Walter Hagen, Top Flite, and CALIA. The company remains focused on its Team Sports HQ platform, which it sees as a potential growth driver.
Over the last six quarters, Dick’s Sporting Goods (DKS) has beaten analysts’ EPS estimates four times and missed them twice. In the first quarter of fiscal 2018, Dick’s Sporting Goods had adjusted EPS of $0.59, beating analysts’ estimate of $0.45 and marking a YoY (year-over-year) rise from $0.54.
Over the last six quarters, Dick’s Sporting Goods (DKS) has missed analysts’ sales estimates four times and beaten them twice. Sales grew 4.6% and 1.0% YoY (year-over-year) in the first and second quarters, respectively, boosted by e-commerce sales and private brand sales. The company’s comparable store sales have been dismal, with weakness in the hunting and electronics categories.
As of yesterday, Dick’s Sporting Goods (DKS) stock had risen 27.6% this year, while Hibbett Sports (HIBB) and Big 5 Sporting Goods (BGFV) had fallen 4.4% and 33.6%, respectively. Dick’s Sporting Goods is being driven by its in-house brands, e-commerce, and athletic apparel sales. Dick’s Sporting Goods’ private brands’ business is gaining traction and contributing to its top-line growth. The company is adding more private brand categories and allocating more floor space to in-house brands Top Flite, CALIA, Walter Hagen, and Field & Stream.
Hibbett (HIBB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hibbett's (HIBB) soft quarterly numbers along with lowered view weigh on its price performance. Nevertheless, its store-growth and omni-channel capabilities look promising.