HIBB Stock Recent News

RYI, TM and HIBB made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 27, 2023.

Hibbett (HIBB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Hibbett (HIBB) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Hibbett (HIBB) thrives amid challenges and credits Q3 success to strategic execution. Its partnership with Nike and a strong back-to-school season boost optimism for fiscal 2024.

Hibbett, Inc. (NASDAQ:HIBB ) Q3 2024 Earnings Conference Call November 21, 2023 9:00 AM ET Company Participants Gavin Bell - Vice President, Investor Relations Mike Longo - President and CEO Jared Briskin - Executive Vice President, Merchandising Bob Volke - Senior Vice President and CFO Bill Quinn - Senior Vice President, Marketing and Digital Ben Knighten - Senior Vice President, Operations Conference Call Participants Mitch Kummetz - Seaport Research Sam Poser - Williams Trading Cristina Fernandez - Telsey Advisory Group Justin Kleber - Robert W. Baird Alex Perry - Bank of America John Lawrence - The Benchmark Company Operator Greetings.

Demand for sporting goods has generally been strong and Hibbett is benefitting from ongoing spending. The company raised its earnings-per-share guidance as strong demand is boosting profits.

Hibbett (HIBB) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.94 per share a year ago.

Hibbett Inc. HIBB posted better-than-expected earnings for the third quarter on Tuesday, and raised its guidance, despite a still challenging retail environment. The sporting goods retailer posted net income of $25.5 million, or $2.05 a share, for the quarter, compared with $25.6 million, or $1.94 a share, in the year-earlier period.

Hibbett's (HIBB) Q3 results are expected to reflect the impacts of cost inflation and weak consumer demand. However, its store efforts and solid online show are likely to have aided.

Investors with an interest in Retail - Apparel and Shoes stocks have likely encountered both Hibbett (HIBB) and Kering SA (PPRUY). But which of these two stocks is more attractive to value investors?