In today’s recent session, 2.49 million shares of the Hibbett Inc (NASDAQ:HIBB) have been traded, and its beta is 1.78. Most recently the company’s share price was $86.38, and it changed around $13.89 or 19.15% from the last close, which brings the market valuation of the company to $1.02B. HIBB at last check was trading at a discount to its 52-week high of $83.00, offering almost 3.91% off that amount. The share price’s 52-week low was $34.86, which indicates that the recent value has risen by an impressive 59.64% since then. We note from Hibbett Inc’s average daily trading volume that its 3-month average coming to 260.38K.
Hibbett Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 3 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 11 recommended HIBB as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Hibbett Inc is expected to report earnings per share of $2.62 for the current quarter.
Hibbett Inc (NASDAQ:HIBB) trade information
Instantly HIBB has been showing a green trend so far today with a performance of 19.15% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 19.93% year-to-date, but still up 22.05% over the last five days. On the other hand, Hibbett Inc (NASDAQ:HIBB) is 19.27% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $68.4, which translates to bulls needing to decrease their stock price by -26.29% from its current value. Analyst projections state that HIBB is forecast to be at a low of $50 and a high of $75.
Hibbett Inc (HIBB) estimates and forecasts
Hibbett Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 81.16 percent over the past six months and at a 0.49% annual growth rate that is well below the industry average of 8.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -4.40% in revenue this quarter, and will report an increase of 54.10% in the next quarter. The year-over-year growth rate is expected to be 0.60%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $453.49 million in revenue for the current quarter. 7 analysts expect Hibbett Inc to make $393.75 million in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.16%. Hibbett Inc earnings are expected to increase by 1.45% in 2024, but the outlook is positive 7.90% per year for the next five years.
HIBB Dividends
Hibbett Inc’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.16 percent and its annual dividend per share was 1.00. It is important to note, however, that the 1.16% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
