Hibbett Inc. (NASDAQ: HIBB) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Volume reached 11,722 shares, with price reaching a high of $48.22 and a low of $48.22. Yahoo Finance discussed the stock recently as it posted Hibbett Announces Changes to the Board of Directors.

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Stocks Info

Hibbett Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $48.22 and fluctuated between $50.16 as its day high and $48.12 as its day low. The current market capitalization of Hibbett Inc. is $592.62M. A total of 0.24 million shares were traded on the day, compared to an average of 384.17K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HIBB has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 32,432 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 13 SELLs from insiders. Insiders purchased 145,519 shares during that period but sold 30,734.

In the most recent transaction, Crudele Anthony F bought 1,677 shares of HIBB for 69.25 per share on Dec 20. After the transaction, the Director now owns 27,539 company shares. In a previous transaction on Dec 17, Crudele Anthony F bought 323 shares at 69.25 per share. HIBB shares that Director owns now total 25,862.

Among the insiders who bought shares, Flur Dorlisa K acquired of 100 shares on Dec 09 at a per-share price of $75.00. This resulted in the Director holding 600 shares of HIBB after the transaction. In another insider transaction, LONGO MICHAEL E bought 5,000 shares at $70.08 per share on Oct 06. Company shares held by the President and CEO now total 42,082.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hibbett Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 2.07%, and it has a price to earnings (P/E) ratio of 5.55. HIBB’s most recent ex-dividend date was 06/08/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 06/21/2022. Previously, the company paid the dividend on 03/29/2022 with an ex-dividend date of 03/16/2022. The dividend was $0.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HIBB in the last 3 months, the mean price target is $69.00 with high estimates of $80.00 and low estimates of $56.00. In terms of 52-week highs and lows, HIBB has a high of $101.65 and a low of $39.58.

As of this writing, HIBB has an earnings estimate of $2.31 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $2.49 per share and a lower estimate of $2.11. The company reported an EPS of $2.89 in the last quarter, which was -12.16% lower than expectations of $3.29.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HIBB is Overweight with a score of 4.00. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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