Hibbett Inc. (NASDAQ:HIBB) finished Thursday with an addition of $7.35 to close at $44.21, an upside of 19.94 percent. An average of 513,498 shares of common stock have been traded in the last five days. There was a gain of $0.83 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 330,100 shares traded, while the 50-day average volume stands at 333,280.
HIBB stock has decreased by -1.71% in the last month. The company shares reached their 1-month lowest point of $36.77 on 08/24/23. With the stock rallying to its 52-week high on 01/11/23, shares of the company touched a low of $34.86 and a high of $75.38 in 52 weeks. It has reached a new high 5 times so far this year and lost -35.19% or -$23.66 in price. In spite of this, the price is down -41.35% from the 52-week high.
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Insider Transactions
HIBB stock investors should be aware that Hibbett Inc. (HIBB) stock had its last reported insider trading activity 134 days ago on Jun 02. In this transaction, the insider spent $498,862. Director, Hilt James A, disposed of 5,346 shares at a price of $62.23 on Apr 12. The insider now owns more than $332,682 worth of shares. Prior to that, Director Flur Dorlisa K went on to Sale 714 shares at $60.00 each on Apr 10. An amount of $42,840 was transacted.
Valuation Metrics
Hibbett Inc. (HIBB) has a trailing price-to-earnings (P/E) ratio of 4.68. The stock’s beta is 1.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, the price-to-book (PB) ratio at 1.42.
Financial Health
The quick ratio of Hibbett Inc. for the three months ended April 29 was 0.20, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.26 for the quarter ending April 29. Hibbett Inc.’s EBITDA margin for the year ending April 29 is 12.43%, while its operating margin for the same period stands at 9.40%. Its gross profit as reported stood at $601.9 million compared to revenue of $1.71 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hibbett Inc.’s return on assets was 13.40%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $35.88 million in the quarter, while revenues of $84.68 million were shrunk -9.67%. The analyst consensus anticipated Hibbett Inc.’s latest quarter earnings to come in at $3 per share, but it turned out to be $2.74, a -8.70% surprise. For the quarter, EBITDA amounted to $57.61 million. Shareholders own equity worth $12.75 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hibbett Inc. (HIBB) price momentum. RSI 9-day as of the close on 24 August was 58.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 113.89%.
As of today, HIBB’s price is $40.27 +1.91% or $0.83 from its 5-day moving average. HIBB is currently trading -2.59% lower than its 20-day SMA and -26.03% lower than its 100-day SMA. However, the stock’s current price level is +16.48% above the SMA50 and -28.35% below the SMA200.
The stochastic %K and %D were 29.05% and 12.50%, respectively, and the average true range (ATR) was 2.55. With the 14-day stochastic at 84.00% and the average true range at 2.18, the RSI (14) stands at 56.31%. The stock has reached -2.01 on the 9-day MACD Oscillator while the 14-day reading was at -3.11.
Analyst Ratings
B. Riley Securities launched coverage on Hibbett Inc. (NASDAQ: HIBB) in its analyst report released on June 29, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Hibbett Inc. (HIBB) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HIBB, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
