Hibbett Sports, Inc. (HIBB) Stock: A Service Sector Stock That’s Making Its Way For The Top

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Hibbett Sports, Inc. (HIBB) is headed up in the market in today’s trading session. The stock, one that is focused on the service industry, is currently trading at $18.04 after a move up of 0.00% so far today. As it relates to service sector stocks, there are a number of factors that have the potential to lead to gains in the market. News is one of the most common reasons for movement. Here are the most recent headlines surrounding HIBB:

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Mar-22-19 08:39AM UPDATE: Hibbett Sports shares soar 19% premarket as earnings blow past estimates
08:20AM Hibbett Sports Surges After Handily Beating Earnings Estimates
07:46AM Stocks making the biggest moves premarket: Tiffany, Hibbett Sports, Nike, Gamestop & more
06:35AM Hibbett Announces CEO Transition Plan
Mar-15-19 10:30AM Analysts Estimate Hibbett Sports (HIBB) to Report a Decline in Earnings: What to Look Out for

However, any time investors are making a decision with regard to investing, investors should look at far more than news, especially in the ever highly complex service industry. Here’s what’s happening with Hibbett Sports, Inc..

Recent Moves From HIBB

Although a single session gain, like the gain that we’re seeing from Hibbett Sports, Inc. may make some investors fearful, that alone should not be the basis of a decision to, or not to, buy a company’s stock. It is generally important to take a look at trends just a single trading session. As it relates to HIBB, here are the trends that we’ve seen:

  • Past Seven Days – In the last 7 days, HIBB has seen a change in price that amounts to 0.95%.
  • Monthly – The performance from Hibbett Sports, Inc. throughout the last 30 days has been 1.69%.
  • Past Three Months – In the last quarter, the stock has generated a return of 25.19%
  • Past 6 Months – Throughout the last six months, we’ve seen a performance that equates to -13.27% from the stock.
  • Year To Date – Since the the first trading session of this year HIBB has resulted in a return of 26.15%.
  • Annually – Lastly, in the past full year, we’ve seen a change of -17.44% from HIBB. In this period of time, the stock has traded at a high price of -39.05% and a low of 37.92%.

Ratios Worth Watching

Digging into various ratios having to do with a stock can provide prospective traders a look of how dangerous and/or rewarding a pick may be. Below are some of the key ratios to look at when digging into HIBB.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors have a belief that the price of the stock is headed for the top. Throughout the sector, strong service sector stocks tend to come with a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, in regard to Hibbett Sports, Inc., it’s short ratio comes to 9.76.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due using quick assets or current assets. come with strong quick and current ratios. In terms of HIBB, the quick and current ratios total up to 0.90 and 2.60 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In the case of Hibbett Sports, Inc., the book to share value ratio is 17.76.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value comes to 6.55.

What Are Big Money Players Doing With Hibbett Sports, Inc.

An interesting fact I’ve learned in my brief time on Earth is that smart money tends to follow big money. In general, investors that are looking to play it relatively safe will follow moves made by institutional investors as well as insiders of the company. With that said, is big money interested in regard to HIBB? Here’s what’s happening:

Institutions own 95.00% of the company. Institutional interest has moved by -7.22% over the past three months. When it comes to insiders, those who are close to the company currently own 1.05% percent of HIBB shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Think About Hibbett Sports, Inc.

Although it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions in order to validate your own opinions before making an investment decision in the service industry. Here are the recent moves that we have seen from analysts when it comes to HIBB.

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Mar-21-19 Downgrade Consumer Edge Research Outperform → Neutral
Nov-30-18 Reiterated BofA/Merrill Underperform $18 → $15
Oct-25-18 Downgrade Susquehanna Positive → Neutral
Aug-27-18 Downgrade Canaccord Genuity Buy → Hold $31 → $21
Aug-16-18 Reiterated Stifel Hold $22 → $26

What We’ve Seen In Financial Results

What have ween seen from HIBB in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall St. analysts expect that HIBB will come up with EPS that comes to 1.75, with 0.39 to be announced in the earnings report for the current quarter. Although this information isn’t associated with earnings, since we’re talking on the topic of Wall St. analysts, HIBB is currently rated a 3.10 when rated on a scale from 1 to 5 where 1 is the poorest Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – In the past half decade, Hibbett Sports, Inc. has created a movement in sales in the amount of 3.40%. Earnings per diluted share through the past 5 years have seen movement in the amount of -8.50%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally represented in the human world, HIBB has generated a change in earnings that comes to a total of -78.40%. Hibbett Sports, Inc. has also seen a change with regard to sales volume that amounts to -8.80%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 18.50M shares of Hibbett Sports, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, HIBB has a float of 18.09M.

I also find it important to follow the short float. Think about it, if a large percentage of the float is shorted, the overall opinion among investors is that the equity is going to fall. In regard to HIBB, the percentage of the float that is shorted is 24.39%. In general, concerning short percent of the float is any percentage over 40%. In my research, I’ve calculated that a short ratio over 26% is probably going to be a a play that could prove to be very risky.

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