Hibbett Inc (NASDAQ: HIBB) has a higher price-to-earnings ratio of 8.82x compared to its average ratio. HIBB has 36-month beta value of 1.79. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 3 as “sell.”
The public float for HIBB is 11.40M, and currently, short sellers hold a 13.09% ratio of that float. The average trading volume of HIBB on April 12, 2024 was 242.24K shares.
HIBB) stock’s latest price update
The stock of Hibbett Inc (NASDAQ: HIBB) has increased by 0.47 when compared to last closing price of 71.92. Despite this, the company has experienced a 1.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Hibbett (HIBB) benefits from e-commerce efforts and store-expansion initiatives.
HIBB’s Market Performance
Hibbett Inc (HIBB) has seen a 1.16% rise in stock performance for the week, with a -2.84% decline in the past month and a 7.58% surge in the past quarter. The volatility ratio for the week is 2.93%, and the volatility levels for the past 30 days are at 4.33% for HIBB. The simple moving average for the past 20 days is -0.17% for HIBB’s stock, with a 26.93% simple moving average for the past 200 days.
Analysts’ Opinion of HIBB
Many brokerage firms have already submitted their reports for HIBB stocks, with Monness Crespi & Hardt repeating the rating for HIBB by listing it as a “Buy.” The predicted price for HIBB in the upcoming period, according to Monness Crespi & Hardt is $82 based on the research report published on March 18, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see HIBB reach a price target of $74, previously predicting the price at $82. The rating they have provided for HIBB stocks is “Market Perform” according to the report published on March 18th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to HIBB, setting the target price at $82 in the report published on March 13th of the current year.
HIBB Trading at -1.82% from the 50-Day Moving Average
After a stumble in the market that brought HIBB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.94% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares sank -1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.43% upper at present.
During the last 5 trading sessions, HIBB rose by +1.18%, which changed the moving average for the period of 200-days by +96.07% in comparison to the 20-day moving average, which settled at $72.34. In addition, Hibbett Inc saw 0.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HIBB starting from QUINN WILLIAM G, who sale 2,632 shares at the price of $65.27 back on Dec 01 ’23. After this action, QUINN WILLIAM G now owns 14,452 shares of Hibbett Inc, valued at $171,791 using the latest closing price.
BLAHNIK RONALD P, the SVP and CIO of Hibbett Inc, sale 2,200 shares at $58.85 during a trade that took place back on Nov 24 ’23, which means that BLAHNIK RONALD P is holding 41,979 shares at $129,470 based on the most recent closing price.
Stock Fundamentals for HIBB
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.34 for the gross margin
The net margin for Hibbett Inc stands at 0.06. The total capital return value is set at 0.23. Equity return is now at value 25.94, with 11.16 for asset returns.
Based on Hibbett Inc (HIBB), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 34.63.
Currently, EBITDA for the company is 57.61 million with net debt to EBITDA at 1.97. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 111.45for trailing twelve months and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To put it simply, Hibbett Inc (HIBB) has had a better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
