Hibbett Sports (HIBB, $21.70) beats Q4 earnings and revenue estimates
Hibbett Sports seems to have hit its latest results out of the park.
Reporting adjusted earnings of 57 cents per share for its fourth quarter ended Feb. 2, the sporting goods retailer crushed analysts’ estimates of 39 cents.
What’s more, Hibbett’s quarterly revenue of $306 million surpassed estimates of $280 million. The company’s same-store sales grew +3.8% year-over-year, beating analysts’ expectations of a flattish growth.
President and CEO Jeff Rosenthal pointed out that Hibbett’s digital sales surged +60% to account for 10.6% of the company’s total sales in the fourth quarter. Rosenthal cited “significant progress on our strategic initiatives along with compelling assortments from our key vendors" as key factors that bolstered the firm’s latest performance.
HIBB in upward trend: 10-day moving average moved above 50-day moving average on April 25, 2024
The 10-day moving average for HIBB crossed bullishly above the 50-day moving average on April 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on HIBB as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HIBB just turned positive on April 22, 2024. Looking at past instances where HIBB's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
HIBB moved above its 50-day moving average on April 23, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where HIBB advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HIBB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HIBB broke above its upper Bollinger Band on April 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.104) is normal, around the industry mean (3.862). P/E Ratio (9.147) is within average values for comparable stocks, (100.955). HIBB's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.444). Dividend Yield (0.013) settles around the average of (0.027) among similar stocks. P/S Ratio (0.546) is also within normal values, averaging (2.003).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HIBB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of sports stores
Industry ApparelFootwearRetail