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Is Hibbett Sports (HIBB) Stock Undervalued Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Hibbett Sports (HIBB - Free Report) is a stock many investors are watching right now. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock holds a P/E ratio of 13.56, while its industry has an average P/E of 17.06. Over the past year, HIBB's Forward P/E has been as high as 21.02 and as low as 2.93, with a median of 11.05.
Investors should also note that HIBB holds a PEG ratio of 0.80. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HIBB's PEG compares to its industry's average PEG of 2.38. Over the past 52 weeks, HIBB's PEG has been as high as 2.91 and as low as 0.24, with a median of 0.81.
We should also highlight that HIBB has a P/B ratio of 2.24. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.76. Over the past 12 months, HIBB's P/B has been as high as 2.65 and as low as 0.42, with a median of 1.28.
Finally, investors will want to recognize that HIBB has a P/CF ratio of 10.07. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. HIBB's P/CF compares to its industry's average P/CF of 14.79. Over the past year, HIBB's P/CF has been as high as 30.07 and as low as 2.42, with a median of 8.86.
These are only a few of the key metrics included in Hibbett Sports's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HIBB looks like an impressive value stock at the moment.
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Is Hibbett Sports (HIBB) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Hibbett Sports (HIBB - Free Report) is a stock many investors are watching right now. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock holds a P/E ratio of 13.56, while its industry has an average P/E of 17.06. Over the past year, HIBB's Forward P/E has been as high as 21.02 and as low as 2.93, with a median of 11.05.
Investors should also note that HIBB holds a PEG ratio of 0.80. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HIBB's PEG compares to its industry's average PEG of 2.38. Over the past 52 weeks, HIBB's PEG has been as high as 2.91 and as low as 0.24, with a median of 0.81.
We should also highlight that HIBB has a P/B ratio of 2.24. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 5.76. Over the past 12 months, HIBB's P/B has been as high as 2.65 and as low as 0.42, with a median of 1.28.
Finally, investors will want to recognize that HIBB has a P/CF ratio of 10.07. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. HIBB's P/CF compares to its industry's average P/CF of 14.79. Over the past year, HIBB's P/CF has been as high as 30.07 and as low as 2.42, with a median of 8.86.
These are only a few of the key metrics included in Hibbett Sports's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HIBB looks like an impressive value stock at the moment.