Market Overview

Analysts Comment On Hibbett Sports Following Sales Update

Related HIBB
Deutsche Bank Offers 13 Retail Predictions For 2015
Top Performing Industries For December 12, 2014
Hibbett Sports, Inc. (HIBB) Jumps: Stock Moves 6% Higher - Tale of the Tape (Zacks)

The following firms have published reports on Hibbett Sports (NASDAQ: HIBB) following the release of both its second quarter results and revised full-year guidance.

Raymond James - Market Perform, NA
"While we are supportive of Hibbett's long-term growth prospects, we remain concerned that EBIT margin and EPS will be under pressure through FY15 due to significant expenses/investments needed for a new corporate office and distribution center. In addition, Hibbett's same-store sales trends began to weaken in March of 2013, and this softness has continued through 2Q14."

BMO Capital - Market Perform, $52
"While July's sales results did show slight improvement, giving optimism for the back-to-school season, the progress was not enough to offset the malaise through the early part of the summer. We lowered our 2Q14 EPS estimate to $0.30 from $0.41. "

Deutsche Bank - Hold, $45
"Our concern had been that margins appear to have peaked and this will now be the 3rd quarter in a row of lower margins which now stand at 12.7% on a LTM basis, down from a peak of 14.2%. The lower margins therefore lead to a lower than expected growth rate, which we now calculate at 12% -13% on the EPS line over the next five years. "

Latest Ratings for HIBB

Nov 2014Bank of AmericaMaintainsNeutral
Oct 2014Bank of AmericaDowngradesBuyNeutral
Sep 2014Piper JaffrayDowngradesOverweightNeutral

View More Analyst Ratings for HIBB
View the Latest Analyst Ratings

Posted-In: BMO Capital Deutsche BankAnalyst Color News Downgrades Price Target Reiteration Analyst Ratings


Related Articles (HIBB)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content