In the latest quarter, 10 analysts provided ratings for Hibbett (NASDAQ:HIBB), showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 3 | 0 | 0 |
| 3M Ago | 1 | 2 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Hibbett, revealing an average target of $81.9, a high estimate of $88.00, and a low estimate of $70.00. Surpassing the previous average price target of $75.39, the current average has increased by 8.64%.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Hibbett by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Feldman | Telsey Advisory Group | Maintains | Market Perform | $87.50 | $87.50 |
| Peter Benedict | Baird | Raises | Neutral | $87.50 | $80.00 |
| 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: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hibbett. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hibbett compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Hibbett's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hibbett's market position. Stay informed and make well-informed decisions with our Ratings Table.
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Delving into Hibbett's Background
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.
Hibbett: Delving into Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Hibbett displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 1.81%. This indicates a notable increase in the company's 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): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.32%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.87, Hibbett adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.