Hibbett Stock (NASDAQ:HIBB), Trade Ideas

Hibbett

Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, and City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.

Hibbett Sports

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With U.S. stock futures trading slightly lower this morning on Tuesday, here are some stocks that may grab investor focus today.

General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday

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Commodities

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Intraday Update

BTTX

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JTAI

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VERB

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Friday.

Following the market opening Friday, the Dow traded down 0.28% to 38,797.24 while the NASDAQ fell 0.67% to 16,020.07. The S&amp;P 500 also fell, dropping, 0.58% to 5,120.59.

Nasdaq Down Over 100 Points; Hibbett Reports Downbeat Sales

HIBB, Hibbett

Guidance

Movers

General

Hibbett Q4 sales up 1.8% YoY at $466.59M, missing estimates. EPS at $2.55 miss consensus. Gross margin contracts 70 bps to 34.5%. Operating margin shrinks to 8.7%.

Why Athletic-Inspired Fashion Retailer Hibbett&#39;s Shares Are Plunging Today

Hibbett Inc

With U.S. stock futures trading slightly lower this morning on Tuesday, here are some stocks that may grab investor focus today:
<ul>
<li>Wall Street expects PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $1.52 per share on revenue of $18.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares fell 1% to $174.79 in after-hours trading.</li>
<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) posted better-than-expected earnings for its first quarter on Monday. The company said it sees second-quarter earnings of $2.07 per share. Packaging Corp shares fell 5.2% to $170.00 in the after-hours trading session.</li>
<li>Analysts are expecting General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to post quarterly earnings at $2.14 per share on revenue of $41.88 billion. The company will release earnings before the markets open. GM shares fell 0.3% to $43.07 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction. Hibbett shares gained 1.9% to close at $72.49 on Monday.</li>
<li>Analysts expect Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to post quarterly earnings at 51 cents per share on revenue of $22.34 billion after the closing bell. Tesla shares fell 0.4% to $141.45 in after-hours trading.</li>
</ul>
Read More: <a href="https://www.benzinga.com/24/04/38355486/top-3-financial-stocks-that-could-blast-off-this-quarter">Top 3 Financial Stocks That Could Blast Off This Quarter</a>

<ul>
<li>JD Sports to acquire all outstanding shares for&nbsp;$87.50&nbsp;per share in cash, in a&nbsp;$1.1 billion&nbsp;transaction</li>
<li>Per share price represents a&nbsp;21%&nbsp;premium to the April 22, 2024, closing price and a&nbsp;29%&nbsp;premium to the 120-trading day volume weighted average price</li>
<li>Combination of best-in-class customer-centric companies offers brand partners an expanded global platform for distribution of the latest athletic fashion products</li>
<li>Mike Longo to continue as Hibbett President and CEO, and Jared Briskin to take on role of Hibbett COO; Hibbett will maintain HQ in Birmingham</li>
</ul>

JDSPY

Hibbett Agrees To Be Acquired By JD Sports Fashion For $87.50 Per Share In Cash, Amounting To ~$1.1B

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$150.00</td>
<td>$36.9K</td>
<td>39.0K</td>
<td>9.6K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$423.7K</td>
<td>31.4K</td>
<td>6.7K</td>
</tr>
<tr>
<td>HIBB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$80.00</td>
<td>$46.8K</td>
<td>1.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$4.00</td>
<td>$55.5K</td>
<td>8.6K</td>
<td>814</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$180.00</td>
<td>$31.5K</td>
<td>2.4K</td>
<td>531</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$81.3K</td>
<td>2.5K</td>
<td>322</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$415.00</td>
<td>$65.3K</td>
<td>2</td>
<td>186</td>
</tr>
<tr>
<td>RRR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$49.00</td>
<td>$25.8K</td>
<td>689</td>
<td>117</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$41.5K</td>
<td>1.1K</td>
<td>100</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3300.00</td>
<td>$28.1K</td>
<td>21</td>
<td>17</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 36 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $36.9K, with a price of $1025.0 per contract. There were 39093 open contracts at this strike prior to today, and today 9662 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a put option sweep that happens to be bearish, expiring in 273 day(s) on January 17, 2025. This event was a transfer of 4871 contract(s) at a $5.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $423.7K, with a price of $87.0 per contract. There were 31413 open contracts at this strike prior to today, and today 6707 contract(s) were bought and sold. 
• For HIBB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>), we notice a call option trade that happens to be bullish, expiring in 28 day(s) on May 17, 2024. This event was a transfer of 390 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $120.0 per contract. There were 1559 open contracts at this strike prior to today, and today 1868 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a put option sweep that happens to be bearish, expiring in 91 day(s) on July 19, 2024. This event was a transfer of 794 contract(s) at a $4.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $55.5K, with a price of $70.0 per contract. There were 8626 open contracts at this strike prior to today, and today 814 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 119 day(s) on August 16, 2024. This event was a transfer of 25 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $1263.0 per contract. There were 2447 open contracts at this strike prior to today, and today 531 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 28 day(s) on May 17, 2024. Parties traded 173 contract(s) at a $85.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $81.3K, with a price of $470.0 per contract. There were 2550 open contracts at this strike prior to today, and today 322 contract(s) were bought and sold. 
• For ULTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on April 26, 2024. This event was a transfer of 99 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $65.3K, with a price of $660.0 per contract. There were 2 open contracts at this strike prior to today, and today 186 contract(s) were bought and sold. 
• For RRR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 30 contract(s) at a $49.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $860.0 per contract. There were 689 open contracts at this strike prior to today, and today 117 contract(s) were bought and sold. 
• For LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we notice a put option trade that happens to be bearish, expiring in 273 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $415.0 per contract. There were 1170 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we notice a put option trade that happens to be bearish, expiring in 336 day(s) on March 21, 2025. This event was a transfer of 1 contract(s) at a $3300.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $28120.0 per contract. There were 21 open contracts at this strike prior to today, and today 17 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BKNG

LULU

RIVN

SBUX

ULTA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $78.17, a high estimate of $88.00, and a low estimate of $70.00. This upward trend is evident, with the current average reflecting a 6.5% increase from the previous average price target of $73.40.
<img src="https://www.benzinga.com/files/images/story/2024/1710774021_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Hibbett among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anna Glaessgen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Announces</td>
<td>Hold</td>
<td>$73.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$74.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$82.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$82.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hibbett. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Hibbett compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Hibbett's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Hibbett's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HIBB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hibbett analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Hibbett's Background</h2>
Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
<h3>Hibbett's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Hibbett faced challenges, resulting in a decline of approximately -0.29% in revenue growth as of 31 October, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Hibbett's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.9% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Hibbett's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.48% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Hibbett's ROA excels beyond industry benchmarks, reaching 2.65%. This signifies efficient management of assets and strong financial health.
Debt Management: Hibbett's debt-to-equity ratio is below the industry average. With a ratio of 1.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For Hibbett

B. Riley Securities analyst Anna Glaessgen maintains Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Neutral and raises the price target from $60 to $70.

Price Target

B. Riley Securities Maintains Neutral on Hibbett, Raises Price Target to $70

Williams Trading analyst Sam Poser downgrades Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) from Buy to Hold and announces $73 price target.

Downgrades

Williams Trading Downgrades Hibbett to Hold, Announces $73 Price Target

Telsey Advisory Group analyst Joseph Feldman downgrades Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) from Outperform to Market Perform and lowers the price target from $82 to $74.

Telsey Advisory Group Downgrades Hibbett to Market Perform, Lowers Price Target to $74

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.28% to 38,797.24 while the NASDAQ fell 0.67% to 16,020.07. The S&amp;P 500 also fell, dropping, 0.58% to 5,120.59.
Check This Out: <a href="https://www.benzinga.com/news/24/03/37744144/top-5-industrials-stocks-that-may-fall-off-a-cliff-in-q1"> Top 5 Industrials Stocks That May Fall Off A Cliff In Q1</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares jumped by 0.6% on Friday.
In trading on Friday, information technology shares fell by 1.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Hibbett Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hibb#NASDAQ">HIBB</a>) reported downbeat fourth-quarter sales and issued weak guidance.
Hibbett reported fourth-quarter FY24 sales growth of 1.8% year-on-year to $466.59 million, missing the analyst consensus estimate of $477.49 million. EPS of $2.55 missed the consensus estimate of $2.56.
Hibbett expects FY25 sales to be flat to up 2%, with EPS of $8.00 &ndash; $8.75 versus the consensus of $8.82.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) shares shot up 156% to $0.3580. VERB&#39;s MARKET.live launched Facebook and Instagram social shopping technology integration.
Shares of Better Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bttx#NASDAQ">BTTX</a>) got a boost, surging 118% to $0.0762. Better Therapeutics recently said it will seek strategic alternatives and will be delisted from the Nasdaq.
Jet.AI Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jtai#NASDAQ">JTAI</a>) shares were also up, gaining 82% to $1.2300.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
C3is Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciss#NASDAQ">CISS</a>) shares dropped 66% to $0.0270 after the company announced pricing of a $6 million underwritten public offering.
Shares of SELLAS Life Sciences Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sls#NASDAQ">SLS</a>) were down 32% to $1.05. SELLAS Life Sciences Group announced a $20 million registered direct offering and concurrent private placement of 13,029316 shares each for combined purchase price of $1.535/share.
Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) was down, falling 32% to $1.14.
Also Check This Out:<a href="https://www.benzinga.com/news/24/03/37744366/wall-streets-most-accurate-analysts-say-hold-these-3-tech-stocks-delivering-high-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 0.7% to $80.67 while gold traded down 0.3% at $2,161.80.
Silver traded up 1.2% to $25.35 on Friday, while copper rose 1.3% to $4.0975.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.1%, London&rsquo;s FTSE 100 rose 0.1% while Spain&rsquo;s IBEX 35 Index rose 1.2% The German DAX gained 0.3% French CAC 40 rose 0.5% while Italy&rsquo;s FTSE MIB Index gained 0.6%.
The annual inflation rate in Italy was confirmed at 0.8% in February, while annual inflation rate in France fell to 3% in February from 3.1% a month ago.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mostly lower on Friday, with Japan&rsquo;s Nikkei 225 falling 0.26%, Hong Kong&rsquo;s Hang Seng Index falling 1.42%, China&rsquo;s Shanghai Composite Index gaining 0.54% and India&rsquo;s S&amp;P BSE Sensex dipping 0.7%.
China&#39;s new home prices fell by 1.4% year-over-year in February, while the People&#39;s Bank of China held the interest rate at 2.50%. The unemployment rate for Singapore was confirmed at 2.0% for the fourth quarter.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. manufacturing production increased by 0.8% month-over-month in February.
U.S. industrial production rose by 0.1% from the prior month in February.
The NY Empire State Manufacturing Index fell to -20.9 in March versus -2.4 in February.
Export prices in the U.S. increased 0.8% month-over-month in February, while import prices rose by 0.3%.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37725132/how-to-earn-500-a-month-from-dollar-general-stock-following-earnings-beat"> How To Earn $500 A Month From Dollar General Stock Following Earnings Beat </a>

Telsey Advisory Group analyst Joseph Feldman maintains Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Outperform and maintains $82 price target.

Telsey Advisory Group Maintains Outperform on Hibbett, Maintains $82 Price Target

WIIM

Hibbett shares are trading lower after the company reported Q4 results below estimates and provided weak guidance.

Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) reported quarterly earnings of $2.55 per share which missed the analyst consensus estimate of $2.56 by 0.39 percent. The company reported quarterly sales of $466.589 million which missed the analyst consensus estimate of $477.487 million by 2.28 percent. This is a 1.81 percent increase over sales of $458.295 million the same period last year.

Earnings Misses

CORRECTION: Hibbett Q4 2024 GAAP EPS $2.55 Misses $2.56 Estimate, Sales $466.589M Miss $477.487M Estimate

Hibbett Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) shares are trading lower after the company reported fourth-quarter FY24 sales growth of 1.8% year-on-year to $466.59 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37738868/hibbett-reports-fourth-quarter-and-fiscal-2024-results" rel="noreferrer noopener">missing the analyst consensus estimate of $477.49 million</a>.
Comparable sales decreased 6.4%. Brick and mortar comparable sales declined 9.2%, while e-commerce increased 6.9% on a year-over-year basis, excluding the impact of the 53rd week.
EPS of $2.55&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the consensus estimate of $2.56.</a>
Gross margin contracted 70 basis points Y/Y to 34.5%. The operating margin contracted from 11.1% to 8.7%, and operating income for the quarter slumped 19.9% to $40.6 million.
Hibbett held $21.2 million in cash and equivalents as of February 3, 2024. Store count at the end of the fourth quarter was 1,169 versus 1,133 last year.
Inventory as of February 3, 2024, was $344.3 million, an 18.2% decrease compared to the prior year fourth quarter.
Mike Longo, President and Chief Executive Officer, stated, &#8220;In Fiscal 2025, we plan to continue to make significant investments in our store footprint, customer-facing technologies, and back-office infrastructure. This will impact our profitability growth in the short term but will enhance our value proposition and profitability over the longer term.&#8221;
Outlook: Hibbett expects FY25 sales to be flat to up 2%, with EPS of $8.00 &#8211; $8.75&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of $8.82.</a>
Hibbett sees comparable sales to be flat to negative low-single digit. Net new store growth is expected to be in the range of 45 to 50 stores.
The challenges in FY25 include the potential for inflation and interest rates to remain elevated, the continued use of promotional activity to drive traffic, ongoing wage pressures, a more cautious and selective consumer, and ongoing geopolitical conflicts.
Price Action: HIBB shares are trading lower by 11% at $65.00 in premarket on the last check Friday.
Photo via Wikimedia Commons

Why Athletic-Inspired Fashion Retailer Hibbett's Shares Are Plunging Today

The market mood appears to have improved after <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37713349/stocks-fall-as-hot-inflation-data-derails-fed-cut-bets-bonds-tumble-vix-rallies-oil-tops-8">Thursday&#8217;s inflation-induced sell-off</a>, with stock futures rising modestly early Friday. Earnings news has been largely negative, potentially acting as a pushback. Bond yields are slipping as traders continue to harbor hopes that the Federal Reserve, led by Jerome Powell, would lean toward a dovish stance and signal rate cuts at the upcoming meetings.
Traders may also sift through a few key economic reports due for the day with an eye on the upcoming week&#8217;s Fed meeting.
Cues From Previous Session:
The much hotter-than-expected February producer price inflation report spooked traders on Thursday, with small-caps bearing the brunt of the selling. The weakness in the small-cap space could be explained by the fact that they are very sensitive to interest rates, given that the bulk of their financing would be in the form of bank loans. 
The major averages opened higher but returned their gains immediately after and spent the rest of the session below the unchanged line. On a positive note, the key indices snapped back some of their losses in late trading before closing off the session&#8217;s lows. 
The tech-Nasdaq Composite and the broader S&amp;P 500 Index ended lower for a second straight session, pulling further away from their all-time highs.
Nine of the 11 S&amp;P 500 sectors closed lower, with only energy and communication services stocks bucking the downtrend. Real-estate, financial, and utility stocks were among the worst decliners.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.30%</td>
<td>16,128.53</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.29%</td>
<td>5,150.48</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.35%</td>
<td>38,905.66</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.96%</td>
<td>2,031.18</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
Following Thursday&#8217;s &#8220;disastrous&#8221; PPI report, fund manager Louis Navellier said the Fed will unlikely cut interest rates until June or later. According to the fund manager, retail sales were underwhelming, pointing to lackluster GDP growth. 
Despite the muted outlook, Navelier said the new market leadership remains intact. &#8220;AI hardware and weight loss drugs remain the strongest investment themes,&#8221; he said.
Futures Today
 Futures Performance On Friday ( as of 6: 45 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.29%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.25%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.25%</td>
</tr>
</tbody>
</table>
</figure>
In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a> trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.21% to $514.44, and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.25% to $440.23, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Upcoming Economic Data:
The New York Fed is due to release the results of its Empire State manufacturing survey for March at 8:30 a.m. EDT. On average, economists expect the business conditions index to come in at -7, suggesting contracting activity. However, the index is likely to improve from the February reading of -2.4.
The Bureau of Labor Statistics will release its February import and export prices report at 8:30 a.m. EDT. Import and export prices may have increased 0.3% and 0.2% month-over-month, respectively, slower than the 0.8% increases each in the previous month.
The Fed is scheduled to release its industrial production report for February at 9:15 a.m. ET. The consensus estimate calls for industrial output to remain unchanged from the previous month despite a 0.3% increase in manufacturing production. These metrics fell 0.1% and 0.5%, respectively, in January.
The University of Michigan&#8217;s preliminary consumer sentiment index is due at 10 a.m. ET and is expected to come in at 77.1 for March, up slightly from 76.9 in February. Traders may also focus on the survey&#8217;s inflation expectations readings.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>&nbsp;Adobe Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) fell over 11.5% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the company&#8217;s earnings announcement.</li>
<li>Other stocks reacting to earnings released after the market close Thursday are Blink Charging Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) (down about 8.50%),&nbsp;Smartsheet Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) (down about 12%),&nbsp;PagerDuty, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) (down over 7.50%),&nbsp;Cardlytics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) (up over 38.50%),&nbsp;Ulta Beauty, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) (down about 6.50%) and&nbsp;Zumiez Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) (down over 6%).</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>), Jabil Inc. (NYS: JBL) and Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) are among the notable <a href="https://www.benzinga.com/calendars/earnings">companies that report ahead of the market open.</a></li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 5% following the crypto sell-off.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) climbed about 4% after Piper Sandler upgraded the stock to Overweight.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 0.63% to $80.75 in premarket trading, reversing some of the 1.93% gain they made on Thursday. Gold futures edged up, although they still trade off the record highs. The yield on the 10-year Treasury bond, which spiked on Thursday in the aftermath of the inflation data, edged down 0.019 points to 4.279%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell nearly 8% and traded below the $67,500 level.
Most Asian markets retreated on Friday, tackling Wall Street&#8217;s overnight negative lead, although the Chinese market advanced moderately after weak house prices and money stock and loan growth data released from the country raised hopes of more government stimulus.
European stocks rose modestly in late-morning deals, with the Euro STOXX 50 Index up about 0.40%.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/03/37723955/cathie-wood-to-teslas-rescue-ark-invest-scoops-up-35m-of-ev-giants-sliding-stock">Cathie Wood To Tesla&#8217;s Rescue? Ark Invest Scoops Up $35M Of EV Giant&#8217;s Sliding Stock</a>

Futures

Previews

Economics

Federal Reserve

$BTC

ADBE

BLNK

CDLX

COIN

SMAR

ZUMZ

US Stock Futures Show Resilience As Traders Anticipate Relief From Upcoming Fed Meeting: Analyst Highlights 2 Key Investment Themes For The Year

Hibbett Sees FY25 Sales To Be Flat - +2%; EPS Of $8.00 - $8.75 Vs $8.82 Est.

<h3>Companies Reporting Before The Bell</h3>
&bull; EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) is expected to report quarterly loss at $0.10 per share on revenue of $7.83 million.
&bull; NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $182.13 million.
&bull; Prestige Consumer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBH#NYSE">PBH</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $1.61 billion.
&bull; Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) is projected to report quarterly earnings at $2.55 per share on revenue of $477.49 million.
&bull; RLX Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $66.52 million.
&bull; KVH Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KVHI#NASDAQ">KVHI</a>) is expected to report quarterly loss at $0.03 per share on revenue of $32.32 million.
&bull; Oxford Square Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXSQ#NASDAQ">OXSQ</a>) is estimated to report earnings for its fourth quarter.
&bull; Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) is projected to report quarterly loss at $0.05 per share on revenue of $50.83 million.
&bull; Paltalk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $3.53 million.
&bull; GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) is likely to report quarterly earnings at $0.58 per share on revenue of $224.15 million.
&bull; Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $6.89 billion.
&bull; Buckle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) is expected to report quarterly earnings at $1.44 per share on revenue of $383.63 million.
&bull; Summit Midstream Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMLP#NYSE">SMLP</a>) is projected to report earnings for its fourth quarter.
&bull; CBAK Energy Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAT#NASDAQ">CBAT</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $58.86 million.
&bull; ProPhase Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) is likely to report quarterly loss at $0.26 per share on revenue of $10.69 million.
&bull; Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) is estimated to report earnings for its fourth quarter.
&bull; Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) is expected to report quarterly loss at $0.07 per share on revenue of $304.52 million.
&bull; Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) is likely to report quarterly loss at $0.12 per share on revenue of $32.06 million.
&bull; Groupon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $136.70 million.
&bull; Townsquare Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSQ#NYSE">TSQ</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $111.85 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Consumer Pf Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSS#NASDAQ">CPSS</a>) is estimated to report earnings for its fourth quarter.
&bull; Legacy Housing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGH#NASDAQ">LEGH</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $60.65 million.
&bull; High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $94.67 million.
&bull; Lument Finance Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LFT#NYSE">LFT</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $32.65 million.
&bull; Biofrontera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) is likely to report quarterly loss at $1.19 per share on revenue of $11.52 million.
&bull; AlTi Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTI#NASDAQ">ALTI</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $66.80 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALTI

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SMLP

Earnings Scheduled For March 15, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Thursday.
U.S. stocks closed lower on Thursday following the release of February PPI data. The Producer Price Index for final demand in the U.S. increased by 0.6% month over month, higher than market expectations of a 0.3% rise.
Other data released Thursday showed U.S. retail sales increased 0.6% month-over-month in February compared to a revised 1.1% decline in January and down from market estimates of a 0.8% surge. U.S. initial jobless claims declined by 1,000 to 209,000 in the week ended March 8, compared to market estimates of 218,000.
The US Federal Reserve is expected to keep rates unchanged at its meeting next week.
Shares of <a href="https://www.benzinga.com/money/robinhood-alternatives/">Robinhood</a> Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) gained over 5% on Thursday after the company announced February&rsquo;s operating data. Dick&rsquo;s Sporting Goods Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dks#NYSE">DKS</a>) shares jumped 15% after the company reported better-than-expected fourth-quarter results and issued strong guidance.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, consumer staples, and utilities stocks recording the biggest losses on Thursday. However, energy and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 138 points to 38,905.66 on Thursday. The S&amp;P 500 fell 0.29% at 5,150.48, while the Nasdaq Composite dipped 0.30% at 16,128.53 during Thursday&rsquo;s session.
Investors are awaiting earnings results from The Buckle, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bke#NYSE">BKE</a>), Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) and Hibbett, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hibb#NASDAQ">HIBB</a>) today.
At a current reading of 72.6, the index remained in the &quot;Greed&quot; zone on Thursday, versus a prior reading of 74.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37687466/how-to-earn-500-a-month-from-pfizer-stock-after-a-surprise-profit-turning-quarter"> How To Earn $500 A Month From Pfizer Stock After A Surprise Profit-Turning Quarter</a>
&nbsp;

HOOD

Investor Optimism Decreases Following PPI Data; Dow Falls Over 100 Points

Hibbett, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hibb#NASDAQ">HIBB</a>) is expected to release its financial results for the fourth quarter, before the <a href="https://www.benzinga.com/quote/HIBB/earnings">opening bell on March 15, 2024.</a>
Analysts expect the Birmingham, Alabama-based company to report quarterly earnings at $2.56 per share, down from $2.91 per share in the year-ago period. Hibbett is projected to post revenue of $477.49 million for the latest quarter, compared to $458.3 million in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 21, Hibbett reported third-quarter sales of $431.92 million, beating the analyst consensus of $416.02 million. 
Hibbett shares fell 1.8% to close at $73.03 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/HIBB/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and boosted the price target from $73 to $82 on March 13, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Baird analyst Peter Benedict maintained an Outperform rating and raised the price target from $50 to $56 on Aug. 28, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Benchmark analyst John Lawrence reiterated a Buy rating with a price target of $80 on Aug. 28, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Williams Trading analyst Sam Poser upgraded the stock from Hold to Buy on Aug. 25, 2023. This analyst has an accuracy rate of 71%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/news/earnings/24/03/37687466/how-to-earn-500-a-month-from-pfizer-stock-after-a-surprise-profit-turning-quarter"> How To Earn $500 A Month From Pfizer Stock After A Surprise Profit-Turning Quarter </a>

Hibbett Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) is set to give its latest quarterly earnings report on Friday, 2024-03-15. Here's what investors need to know before the announcement.
Analysts estimate that Hibbett will report an earnings per share (EPS) of $2.55. 
Hibbett bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.87, which was followed by a 1.33% increase in the share price the next day.
Here's a look at Hibbett's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.18</td>
<td>0.73</td>
<td>3.04</td>
<td>2.94</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.05</td>
<td>0.85</td>
<td>2.74</td>
<td>2.91</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>22.0%</td>
<td>-11.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710424876_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hibbett were trading at $74.37 as of March 13. Over the last 52-week period, shares are up 22.82%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/HIBB/earnings">To track all earnings releases for Hibbett visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Hibbett's Earnings

Telsey Advisory Group analyst Joseph Feldman maintains Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Outperform and raises the price target from $73 to $82.

Telsey Advisory Group Maintains Outperform on Hibbett, Raises Price Target to $82

Seaport Global analyst Mitch Kummetz maintains Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Buy and raises the price target from $70 to $88.

Seaport Global Maintains Buy on Hibbett, Raises Price Target to $88

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Analysts Offer Insights on Consumer Cyclical Companies: Hibbett Sports (HIBB) and Grove Collaborative Holdings (GROV)

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Hibbett faces a difficult 2024 - analysts

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InvestorsObserver gives Hibbett Inc (HIBB) a strong  valuation score of 88 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. HIBB currently holds a better value than 88% of stocks based on these metrics. Long term investor

Hibbett Inc (HIBB) Stock by the Numbers

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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. This Caitlin Clark Mania could be having a bleed-over effect to women&rsquo;s sports stocks.



Apparel and equipment companies that cater to the women&rsquo;s sports market, have seen increased trading volume and share price appreciation in recent months. Investors are betting that the surge of interest sparked by Clark and other rising women&rsquo;s sports stars could drive stronger financial performance for these companies.



So in order to cash in on this mania, here are seven women&rsquo;s sports stocks for investors to consider in April this year. I feel that these companies present the best opportunities in the market.



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-3-300x169.jpg" alt="Nike (NKE) store in a shopping mall in Penang, Malaysia. robinhood stocks"><div>Source: TY Lim / Shutterstock.com</div></div>Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) stands out as a global leader in athletic footwear and apparel. It is increasingly focusing on expanding its share in women&rsquo;s apparel and has introduced several women-centric products and marketing campaigns.



The company&rsquo;s women&rsquo;s business <a href="https://www.pymnts.com/earnings/2023/why-nike-says-its-expanding-its-9-billion-womens-business/">has been growing at a high single-digit rate</a> on average over the last three years. Notably, women now make up about 40% of NKE&rsquo;s membership, with this demographic increasingly representing a larger proportion of new members.&nbsp;



To cater to this growing market, NKE has introduced a range of performance and lifestyle products specifically designed for women. This includes a variety of bras and leggings at various price points, with premium options priced over $100.



In addition to apparel, NKE is focusing heavily on women&rsquo;s footwear, highlighting the successful Motiva and Free Metcon models.



NKE could be one of those blue-chip options to cash in on the Caitlin Clark mania.



<h2>Lululemon Athletica (LULU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/lulu-1600-300x169.png" alt="Lululemon storefront in a mall. People shop inside the store among the clothes. LULU stock."><div>Source: lentamart / Shutterstock</div></div>Lululemon Athletica (NASDAQ:<a href="https://investorplace.com/stock-quotes/lulu-stock-quote/">LULU</a>) began with yoga clothing and has since expanded into a wide range of women&rsquo;s athletic wear.



Lululemon Athletica has seen significant growth in its women&rsquo;s segment, which remains a core focus of their product lineup. At the time of writing, the <a href="https://www.tickergate.com/stocks/LULU/revenue">women&rsquo;s products generated $6.15 billion</a>, accounting for nearly 64% of their total revenue. This segment has shown consistent growth from $2.79 billion in February 2020.



Another reason I&rsquo;m bullish on LULU is that analysts forecast strong double-digit EPS growth through FY2027 and beyond. This is also combined with a strong top-line expansion for its revenue.



At $338.98 per share, it may also be ripe for a potential stock split, which could indirectly catalyze further upside potential. I then think that LULU is worth considering to add to one&rsquo;s watchlist due to these factors and more.



<h2>Columbia Sportswear (COLM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/colm1600-min-300x169.jpg" alt='An image with two thumbs stretching out a black stitched "Columbia" logo on a red piece of clothing.'><div>Source: Ekaterina_Minaeva / Shutterstock.com</div></div>Columbia Sportswear (NASDAQ:<a href="https://investorplace.com/stock-quotes/colm-stock-quote/">COLM</a>) designs and distributes sportswear, including a significant range of products targeted towards women who enjoy the outdoors. Their women&rsquo;s segment includes clothing like jackets, vests, fleece, pants, and tops, alongside a variety of footwear including boots, hiking shoes, sneakers, and sandals.



For 2023, COLM <a href="https://thedaily.outdoorretailer.com/news/brands-and-retailers/columbia-sportswear-announces-layoffs-due-to-market-challenges/">reported a modest net sales increase</a> of 1% year-over-year, totaling $3.48 billion. Despite a generally challenging year, the company managed to expand its gross margin slightly from 49.4% in 2022 to 49.6% in 2023. This was in part due to a significant reduction in inventory levels, which dropped 27% compared to the previous year.



However, looking at earnings, COLM <a href="https://www.marketbeat.com/stocks/NASDAQ/COLM/earnings/">reported a fourth-quarter 2023 EPS</a> of $1.86, which fell short of the consensus estimate of $2. Analysts currently estimate that COLM&rsquo;s EPS will grow to $4.41 in 2024, up from $3.70 in the preceding year. This then makes it one of those women&rsquo;s sports stocks to consider.



<h2>Hibbett Sports (HIBB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/hibb-stock-1-300x169.jpg" alt="An outside view of a Hibbett Sports storefront"><div>Source: LisaCarter / Shutterstock.com</div></div>Hibbett Sports (NASDAQ:<a href="https://investorplace.com/stock-quotes/hibb-stock-quote/">HIBB</a>) is a prominent retailer offering an extensive selection of sports goods, including athletic apparel for women.



They offer a variety of women&rsquo;s shoes and sneakers, including popular brands like Nike, Adidas, and Jordan. HIBB also addresses the casual and fashion-oriented needs of their female customers. Their offerings include stylish casual shorts and athleisure wear.



The <a href="https://sgbonline.com/hibbett-sports-shares-jump-in-early-trading-as-retailer-raises-guidance/">third quarter of fiscal 2024</a> saw a minor decrease in net sales, down 0.3% year-over-year, with a notable decline in brick-and-mortar sales but a significant increase in e-commerce sales. The third quarter net income was stable compared to the previous year, with a slight increase in earnings per share from $1.94 to $2.05.



HIBB has provided guidance for the fiscal year 2025, forecasting that total sales could remain flat or increase up to 2% compared to the fiscal year 2024. Despite this, the expected number of new store openings is between 45 to 50 for the year.&nbsp;



<h2>DraftKings (DKNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/dkng_draftkings1600-300x169.png" alt="A man opens the DraftKings (DKNG) app from his iPhone. DraftKings is an American daily fantasy sports contest and sports betting operator. DKNG Stock Forecast"><div>Source: Tada Images / Shutterstock.com</div></div>DraftKings (NASDAQ:<a href="https://investorplace.com/stock-quotes/dkng-stock-quote/">DKNG</a>) offers sports betting and fantasy sports, capitalizing on the growing legalization of sports betting across the U.S. It&rsquo;s widely considered a market leader,&nbsp; including for the women&rsquo;s segment of the market.



The company&rsquo;s performance in the <a href="https://finance.yahoo.com/news/draftkings-reports-fourth-quarter-revenue-212500421.html">fourth quarter of 2023</a> was strong, with revenue hitting $1.23 billion, a 44% increase from the previous year. The monthly unique payers (MUPs) during this period grew by 37% year-over-year&#8203;. DKNG also plans strategic expansions, including the acquisition of Jackpot for $750 million.



Perhaps due to it strong momentum, DKNG has <a href="https://finance.yahoo.com/news/draftkings-reports-fourth-quarter-revenue-212500421.html">raised its financial outlook for 2024</a>, projecting a revenue range of $4.65 billion to $4.9 billion, reflecting a significant year-over-year growth of 27% to 34%. This increase comes from the initial range of $4.50 billion to $4.80 billion.



<h2>Madison Square Garden Sports (MSGS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/stocks-to-buy-1600-300x169.jpg" alt="Stocks to buy: smartphone with the words &quot;buy&quot; and &quot;sell&quot; displayed on the screen. The user's finger is about to press buy. Stock charts are in the background of the image. Momentum Stocks. S&amp;P 600 Stocks to Buy. breakthrough stocks. Mario Gabbeli stocks"><div>Source: Chompoo Suriyo / Shutterstock.com</div></div>Madison Square Garden Sports (NYSE:<a href="https://investorplace.com/stock-quotes/msgs-stock-quote/">MSGS</a>) is a major player in professional sports, owning teams like the New York Knicks (NBA) and the New York Rangers (NHL). Additionally, MSG hosts games for the New York Liberty, a professional women&rsquo;s basketball team in the WNBA, which make it one of those women&rsquo;s sports stocks to consider.



MGS&rsquo;s financial performance <a href="https://investor.msgsports.com/press-releases/news-details/2023/MADISON-SQUARE-GARDEN-SPORTS-CORP.-REPORTS-FISCAL-2023-FOURTH-QUARTER-AND-FULL-YEAR-RESULTS/default.aspx">was solid last year</a> with total revenues reaching $887.4 million, marking an increase from the previous year. The company also noted an operating income of $85.2 million and an adjusted operating income of $115 million.



Meanwhile, for the fiscal first quarter of 2024, MSGS announced a net cash usage in operating activities and a slight increase in cash reserves. This is against a moderating backdrop of demand for apparel stocks across the board.



Analysts are expecting a significant increase its in earnings over the next twelve months, as its forward P/E of 76 times earnings is significantly lower than its trailing P/E of 112.



<h2>Under Armour (UA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/under-armour-ua-1600-300x169.jpg" alt="Under Armour on Michigan Avenue in Chicago"><div>Source: Sorbis / Shutterstock.com</div></div>Under Armour (NYSE:<a href="https://investorplace.com/stock-quotes/ua-stock-quote/">UA</a>) designs and sells a wide array of sports and casual apparel, including a significant focus on women&rsquo;s athletic wear.&nbsp;



For 2024, UA has provided guidance that reflects some challenges in the retail environment but also points to some light at the end of the tunnel. The company reported a revenue of <a href="https://finance.yahoo.com/news/under-armour-inc-uaa-tightens-131351686.html">approximately $1.49 billion</a> for the quarter ending December 31, 2023, which marked a 6% year-over-year decrease. Despite the revenue drop, gross margin improved by 100 basis points to 45.2%. The net income for this period rose to $114 million.



However, <a href="https://www.marketbeat.com/stocks/NYSE/UAA/">UA&rsquo;s stock performance</a> has been less favorable, with a 25.4% decline in share price since the beginning of 2024. Currently, the stock is priced at around $6.56, with analysts suggesting a potential upside, projecting a target price average of $8.65 for the next twelve months, which could represent a 31.9% increase from its current level&#8203;.



I still think that UA is one of those women&rsquo;s sports stocks to buy as this dip has improved its valuation significantly, with it trading at 5-yearly lows.



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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