In the last three months, 8 analysts have published ratings on Hibbett (NASDAQ:HIBB), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Hibbett, presenting an average target of $80.5, a high estimate of $88.00, and a low estimate of $70.00. Marking an increase of 10.27%, the current average surpasses the previous average price target of $73.00.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hibbett. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anna Glaessgen | B. Riley Securities | Raises | Neutral | $87.50 | $70.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Market Perform | $87.50 | $74.00 |
| Anna Glaessgen | B. Riley Securities | Raises | Neutral | $70.00 | $60.00 |
| Sam Poser | Williams Trading | Announces | Hold | $73.00 | - |
| Joseph Feldman | Telsey Advisory Group | Lowers | Market Perform | $74.00 | $82.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $82.00 | $82.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $82.00 | $73.00 |
| Mitch Kummetz | Seaport Global | Raises | Buy | $88.00 | $70.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Hibbett. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hibbett compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hibbett's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
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Get to Know Hibbett Better
Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, and City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
Financial Milestones: Hibbett's Journey
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Hibbett's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.81% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Hibbett's net margin is impressive, surpassing industry averages. With a net margin of 6.62%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Hibbett's ROE excels beyond industry benchmarks, reaching 7.64%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Hibbett's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: Hibbett's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.87.
Analyst Ratings: What Are They?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.