Hibbett (HIBB) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hibbett in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HIBB shares.
View HIBB analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued 1-year target prices for Hibbett's shares. Their HIBB share price forecasts range from $69.00 to $85.00. On average, they expect the company's stock price to reach $78.80 in the next twelve months. This suggests a possible upside of 65.8% from the stock's current price.
View analysts price targets for HIBB or view top-rated stocks among Wall Street analysts.

Hibbett's stock was trading at $68.22 at the start of the year. Since then, HIBB stock has decreased by 30.3% and is now trading at $47.53.
View the best growth stocks for 2023 here.

Hibbett saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,570,000 shares, an increase of 7.5% from the April 15th total of 1,460,000 shares. Based on an average daily trading volume, of 264,400 shares, the days-to-cover ratio is presently 5.9 days. Currently, 12.8% of the company's shares are sold short.
View Hibbett's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 26th 2023.
View our HIBB earnings forecast.

Hibbett, Inc. (NASDAQ:HIBB) announced its quarterly earnings data on Friday, March, 3rd. The company reported $2.91 EPS for the quarter, missing the consensus estimate of $2.96 by $0.05. The firm earned $458.30 million during the quarter, compared to analysts' expectations of $476.57 million. Hibbett had a trailing twelve-month return on equity of 38.15% and a net margin of 7.50%. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS.

Hibbett announced a quarterly dividend on Wednesday, March 1st. Shareholders of record on Thursday, March 16th will be paid a dividend of $0.25 per share on Tuesday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, March 15th.
Read our dividend analysis for HIBB.

ETFs with the largest weight of Hibbett (NASDAQ:HIBB) stock in their portfolio include SPDR S&P Retail ETF (XRT), Cambria Shareholder Yield ETF (SYLD), Direxion Daily Retail Bull 3X Shares (RETL), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hartford Multifactor Small Cap ETF (ROSC), Global X Health & Wellness ETF (BFIT) and Distillate Small/Mid Cash Flow ETF (DSMC).

Hibbett (NASDAQ:HIBB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.97%. The dividend payout ratio is 10.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HIBB will have a dividend payout ratio of 9.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIBB.

Hibbett updated its FY 2023 earnings guidance on Friday, March, 3rd. The company provided earnings per share (EPS) guidance of $9.50-$10.00 for the period, compared to the consensus estimate of $9.66. The company issued revenue guidance of -.

26 employees have rated Hibbett Chief Executive Officer Mike Longo on Glassdoor.com. Mike Longo has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hibbett investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Micron Technology (MU), Aegean Marine Petroleum Network (ANW), Transocean (RIG) and AutoZone (AZO).

Hibbett trades on the NASDAQ under the ticker symbol "HIBB."

Hibbett's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.19%), Dimensional Fund Advisors LP (6.74%), LSV Asset Management (5.32%), State Street Corp (4.78%), Macquarie Group Ltd. (4.12%) and Fisher Asset Management LLC (2.20%). Insiders that own company stock include Alton E Yother, Alton E Yother, Anthony F Crudele, Benjamin Ashley Knighten, David Mitchell Benck, Dorlisa K Flur, James A Hilt, Jane F Aggers, Michael E Longo, Ronald P Blahnik, Terrance G Finley, Terrance G Finley and William G Quinn.
View institutional ownership trends.

Shares of HIBB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HIBB stock can currently be purchased for approximately $47.53.

Hibbett (NASDAQ:HIBB) has a market capitalization of $606.01 million and generates $1.71 billion in revenue each year. The company earns $128.06 million in net income (profit) each year or $9.60 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Hibbett's mailing address is 2700 MILAN COURT, BIRMINGHAM AL, 35211. The official website for the company is www.hibbett.com. The company can be reached via phone at (205) 942-4292, via email at jack.drapacz@cci-ir.com, or via fax at 205-912-7290.