Hibbett (NASDAQ:HIBB) Releases FY25 Earnings Guidance

Hibbett (NASDAQ:HIBBGet Free Report) issued an update on its FY25 earnings guidance on Friday morning. The company provided earnings per share guidance of $8.00-8.75 for the period, compared to the consensus earnings per share estimate of $8.75. The company issued revenue guidance of flat to up ~2% yr/yr to ~$1.73-1.76 billion, compared to the consensus revenue estimate of $1.80 billion. Hibbett also updated its FY 2025 guidance to 8.000-8.750 EPS.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley upped their price objective on Hibbett from $45.00 to $60.00 and gave the company a neutral rating in a research note on Wednesday, November 22nd. Telsey Advisory Group raised their price target on Hibbett from $73.00 to $82.00 and gave the company an outperform rating in a report on Wednesday. TheStreet raised shares of Hibbett from a c+ rating to a b- rating in a research report on Monday, November 27th. Finally, Monness Crespi & Hardt increased their price objective on shares of Hibbett from $60.00 to $72.00 and gave the company a buy rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hibbett currently has an average rating of Moderate Buy and an average price target of $65.00.

View Our Latest Analysis on Hibbett

Hibbett Price Performance

Hibbett stock opened at $68.51 on Friday. The firm has a market cap of $806.50 million, a PE ratio of 8.37, a price-to-earnings-growth ratio of 3.77 and a beta of 1.77. The stock’s fifty day moving average price is $71.65 and its two-hundred day moving average price is $60.24. Hibbett has a one year low of $34.86 and a one year high of $83.00.

Hibbett (NASDAQ:HIBBGet Free Report) last issued its quarterly earnings results on Friday, March 15th. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.01. Hibbett had a return on equity of 28.35% and a net margin of 6.43%. The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $477.42 million. During the same quarter last year, the business earned $2.91 earnings per share. Hibbett’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts expect that Hibbett will post 8.18 earnings per share for the current fiscal year.

Hibbett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. Hibbett’s dividend payout ratio is 12.21%.

Institutional Trading of Hibbett

Large investors have recently bought and sold shares of the business. Quarry LP lifted its stake in Hibbett by 138.7% in the 1st quarter. Quarry LP now owns 678 shares of the company’s stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Hibbett in the 4th quarter valued at $47,000. Acadian Asset Management LLC acquired a new stake in shares of Hibbett during the 1st quarter valued at $50,000. FMR LLC grew its position in Hibbett by 32.0% during the 3rd quarter. FMR LLC now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 305 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Hibbett by 67.9% in the 1st quarter. Captrust Financial Advisors now owns 1,691 shares of the company’s stock worth $75,000 after purchasing an additional 684 shares in the last quarter. 94.08% of the stock is owned by institutional investors and hedge funds.

Hibbett Company Profile

(Get Free Report)

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.

Further Reading

Earnings History and Estimates for Hibbett (NASDAQ:HIBB)

Receive News & Ratings for Hibbett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hibbett and related companies with MarketBeat.com's FREE daily email newsletter.