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Hibbett (HIBB) Outpaces Stock Market Gains: What You Should Know

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In the latest trading session, Hibbett (HIBB - Free Report) closed at $93.26, marking a +0.64% move from the previous day. This move outpaced the S&P 500's daily gain of 0.42%.

Heading into today, shares of the sporting goods retailer had gained 24.67% over the past month, outpacing the Retail-Wholesale sector's gain of 6.5% and the S&P 500's gain of 7.03% in that time.

HIBB will be looking to display strength as it nears its next earnings release. In that report, analysts expect HIBB to post earnings of $1.45 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $356.2 million, up 7.49% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.30 per share and revenue of $1.68 billion. These totals would mark changes of +84.64% and +18.33%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for HIBB. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. HIBB is currently a Zacks Rank #3 (Hold).

Digging into valuation, HIBB currently has a Forward P/E ratio of 8.2. This valuation marks a discount compared to its industry's average Forward P/E of 12.99.

It is also worth noting that HIBB currently has a PEG ratio of 0.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 0.91 as of yesterday's close.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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