HIBB Stock Recent News

JD Sports is buying Hibbett for $87.50, which is about where the stock trades now. Shareholders may have little incentive to hold now and will need to diligently find an alternative investment.

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S.

Hibbett Sports (NASDAQ:HIBB) shareholders will be waking up to a nice surprise on Tuesday after it surged 19% on a takeover offer from JD Sports, the UK retailer. JD is offering US$1.11 billion to purchase the US sports retailer and said it entered into a binding agreement to purchase all Hibbet's shares.

JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market.

The U.K.'s biggest sportswear retailer JD Sports Fashion is to buy Alabama-based athletic fashion retailer Hibbett Inc. for about $1.08 billion, the companies said Tuesday.

British sportswear retailer JD Sports Fashion has proposed to buy U.S. athletic-fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday.

Caitlin Clark is a highly celebrated former NCAA basketball star who was selected as the first pick in the 2024 WNBA draft by the Indiana Fever. She is famous for her record-breaking college basketball career, where she established herself as one of the greatest players in NCAA history, holding the all-time scoring and assist records for both men and women.

Hibbett (HIBB) benefits from e-commerce efforts and store-expansion initiatives.

Hibbett (HIBB) posts higher sales in fourth-quarter fiscal 2024. E-commerce represented 18.9% of the overall net sales in the quarter.

Hibbett (HIBB) came out with quarterly earnings of $2.55 per share, missing the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.91 per share a year ago.