HIBB - Hibbett Sports, Inc.
| Previous Close | 20.37 |
| Open | 20.32 |
| Bid | 20.40 x 800 |
| Ask | 23.45 x 800 |
| Day's Range | 20.04 - 20.80 |
| 52 Week Range | 13.08 - 29.60 |
| Volume | 816,626 |
| Avg. Volume | 608,624 |
| Market Cap | 377.256M |
| Beta (3Y Monthly) | 0.89 |
| PE Ratio (TTM) | 13.59 |
| EPS (TTM) | 1.51 |
| Earnings Date | May 23, 2019 - May 28, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 21.88 |
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Hibbett Sports Inc (HIBB) Files 10-K for the Fiscal Year Ended on January 31, 2019
Hibbett Sports Inc is a United States-based operator of sporting goods retail stores in small to mid-sized markets mainly in the Southeast, Southwest, Mid-Atlantic and the Midwest. Hibbett Sports Inc had annual average EBITDA growth of 10.50% over the past ten years. Warning! GuruFocus has detected 2 Warning Signs with HIBB.
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- InvestorPlace•21 days ago
Hibbett Sports News: HIBB Stock Lower Following CFO Resignation
Hibbett Sports news on Friday about the company's CFO leaving has HIBB stock down.Source: Shutterstock Hibbett Sports (NASDAQ:HIBB) Senior Vice President and CFO Scott Bowman will be departing from the company on April 26, 2019. This will have him pursuing another opportunity, but HIBB doesn't say what this is. This will bring an end to Bowman's roughly seven-year tenure as the CFO of Hibbett Sports.Bowman has this to say about the Hibbett Sports news concerning his decision to leave the company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"I have accepted another opportunity that will put me closer to family, but I will remain with Hibbett through the end of April to assist with the transition. Being associated with this Company has been a truly rewarding experience, and I am grateful for the opportunity to have worked with so many great people at Hibbett. I am confident that the Company is on a good trajectory and will continue to strengthen its position among athletic specialty retailers." * 10 Medical Marijuana Stocks to Cure Your Portfolio Jeff Rosenthal, President and CEO of Hibbett Sports, also took time to thank Bowman for his contributions to the company. He also notes that HIBB is already searching for a replacement for the CFO. According to Rosenthal, the company's financial team will work to make up for Bowman's departure until a replacement CFO is found.HIBB stock was down 2% as of Friday morning, but is up 56% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Hibbett Sports News: HIBB Stock Lower Following CFO Resignation appeared first on InvestorPlace.
- MarketWatch•21 days ago
Hibbett Sports CFO Scott Bowman resigns after about 7 years in the role
Hibbett Sports Inc. said Friday that Chief Financial Officer Scott Bowman is resigning after nearly seven years in the role and at the company. Athletic apparel retailer said the resignation is effective April 26. Bowman, who was hired as Hibbett's CFO in July 2012, said he has accepted "another opportunity" that will put him closer to his family. The company said it will begin the search for Bowman's successor. The stock, which is still inactive in premarket trade, has soared 45% over the past three months, while the SPDR S&P Retail ETF has tacked on 8% and the S&P 500 has climbed 14%.
- Business Wire•21 days ago
Hibbett Announces Departure of Chief Financial Officer
Hibbett Sports, Inc. (NASDAQ/GS: HIBB), an athletic specialty retailer, announced today that Scott J. Bowman, Senior Vice President and Chief Financial Officer, is resigning effective April 26, 2019, to pursue another opportunity. Jeff Rosenthal, President and Chief Executive Officer, stated, “On behalf of the Board of Directors and our leadership team, I would like to thank Scott for his contributions as CFO for more than six years. During his time at Hibbett, Scott helped drive company-wide efforts to create shareholder value through strategic initiatives and an acquisition that has improved the Company’s competitive position.
- Zacks•25 days ago
Hibbett Stock Surges 60% on Robust Omni-Channel Initiatives
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- Thomson Reuters StreetEvents•28 days ago
Edited Transcript of HIBB earnings conference call or presentation 22-Mar-19 2:00pm GMT
Q4 2019 Hibbett Sports Inc Earnings Call
- American City Business Journals•last month
Hibbett Sports to close 95 stores
Hibbett Sports, the Birmingham-based athletic retailer, is set to close 95 stores in the 2020 fiscal year. The company also plans to open 10 to 15 new Hibbett and City Gear stores. Hibbett acquired City Gear in 2018. “While these decisions are never easy, we believe it is in the best interest of our shareholders as we continue to evolve the business and adapt to changing shopping patterns,” said Jeff Rosenthal, president and CEO.
- InvestorPlace•last month
Don’t Chase the Big Rally In Hibbett Sports Stock
Friday, March 22, was a weird day for athletic retail stocks. On one end, secular athletic retail winner Nike (NYSE:NKE) reported a double-beat third-quarter earnings report that just wasn't good enough for investors, and Nike stock dropped 5%. On the other end, secular athletic retail loser Hibbett Sports (NASDAQ:HIBB) reported a double-beat fourth-quarter earnings report that was more than good enough for investors. Subsequently, HIBB stock popped more than 20%.Source: Shutterstock Investors shouldn't be fooled by this odd stock price action. It won't last. The selloff in Nike stock is overdone. Shares will fall, consolidate, and then reverse course and continue on a longer-term path higher. Meanwhile, the pop in Hibbett stock is also due for a correction. It will rise some, consolidate and then reverse course and continue on a longer-term path lower.Why am I not buying into the big rally in HIBB stock? Because what I see is a heavily-shorted company that reported just good enough numbers to get the bears to scramble and cover. But the numbers aren't good enough to keep longs from selling at these new highs, nor are they good enough to bring in new buyers outside of the shorts. In other words, the quarter was good enough to get HIBB stock out of the dumps, but the long-term growth narrative here remains bleak.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 SaaS Stocks to Buy for Long-Term Gains Overall, then, I wouldn't recommend chasing this post-earnings rally in HIBB stock. Big picture, this is an organization still struggling in a competitive, athletic retail environment that is rapidly changing. Furthermore, that change is making Hibbett increasingly irrelevant. Don't Be Fooled By the RallyIt's easy to look at the 20%-plus slingshot in HIBB stock and say that the Hibbett Sports turnaround is well underway.Some merit exists to this claim. Hibbett smashed both revenue and profit estimates for the first time in a year. It was also the biggest double-beat over the last several years. Comparable sales rose 3.8% -- analysts had been expecting a decline -- while comps rose just 0.1% the previous quarter. The e-commerce business continued to grow at a 60%-plus rate. The fiscal 2020 EPS guide came in well above Street estimates.But in the big picture, the numbers here still aren't good. Fiscal 2019 comparable sales increased just 2.2%, against a down 3.8% lap in fiscal 2018; therefore, comparable sales are negative on a two-year basis. Meanwhile, analysts expect fiscal 2020 comps to flatten, so there isn't any top-line momentum here. Also, gross margins continue to fall, and the operating-expense rate continues to rise. Both of those dynamics (gross margin compression and opex deleverage) are expected to continue next year.In other words, Hibbett was able to top depressed fourth-quarter estimates. That got the bears to cover. Heading into the print, roughly 30% of the float was short. Thus, short-covering sparked this huge post-earnings rally in Hibbett stock.However, this dynamic won't last forever. Eventually, most of the shorts will have covered. At that point, the stock needs new buyers to push it higher. I don't see where those new buyers will come from. This is a flattish revenue growth company with deteriorating margins. Moreover, HIBB stock now trades at 12-times forward earnings, which isn't terribly attractive for such bleak growth prospects.As such, I think this enthusiasm toward HIBB stock will ultimately be faded. Long-Term Challenges RemainZooming out, the long-term growth narrative underlying HIBB stock remains dour. Plus, fourth-quarter numbers didn't do anything to improve that narrative in a way that mitigates ownership risks.The athletic retail scene is changing. Specifically, in order to better manage brand equity and increase reach, major athletic brands like Nike are emphasizing direct channel sales over wholesale channel sales. This means that Nike and others are decreasing the amount of product they push through wholesale channels. They are also becoming more selective about which wholesale channels they commit product and resources to. Essentially, they're trying to increase product share into high-quality wholesale channels.Net result? The wholesale athletic retail channel is shrinking, and low-quality players in that space are losing market share. Hibbett Sports, with a small presence and a largely undifferentiated brand, is one of those low-quality players. As such, this company is losing share in a shrinking market.Nothing about HIBB's fourth-quarter earnings report changes this narrative. Comps rose 3.8%, sure, but they will likely go flat next year. Gross margins are still falling. Opex rates are still rising. In other words, Hibbett is still struggling to simultaneously grow sales and profits.These struggles will remain for the foreseeable future. So long as they do, HIBB stock should be avoided. Bottom Line on HIBB StockHibbett Sports managed to top depressed fourth-quarter estimates in a big way, and that scared the shorts into covering. But this rally won't last because HIBB stock isn't that cheap anymore. Additionally, the narrative and numbers broadly remain negative.As of this writing, Luke Lango was long NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post Don't Chase the Big Rally In Hibbett Sports Stock appeared first on InvestorPlace.
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Will Hibbett Sports Continue to Surge Higher?
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- Benzinga•last month
Analyst Stays Neutral After Hibbett Sports Posts Q4 Beat, Sees Positives In E-Commerce
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- TheStreet.com•last month
Hibbett Sports Scores Big Amid Friday's Carnage
On another otherwise dreary Friday for the markets, one sporting goods retailer bucked the trend. It was indeed a great day for Hibbett Sports Inc. Earnings per share of 57 cents were 18 cents ahead of consensus estimates, while revenue of $306 million easily beat the $282 million consensus.
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- Market Realist•last month
Hibbett Sports Issues a Strong Outlook for Fiscal 2020
Hibbett Sports Stock Soars after Crushing Q4 Estimates(Continued from Prior Part)Overall performance in fiscal 2019 In the previous part of this series, we mentioned the surge in Hibbett Sports’ (HIBB) stock price on March 22 in reaction to
