Hibbett Inc (NASDAQ: HIBB) has reported earnings for its fourth fiscal quarter (ending January 31) of $2.61 versus $3.00 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $8.34 versus $9.89 for the same period a year ago.
Recent Price Action
Hibbett Inc (NASDAQ: HIBB) stock closed at $68.51 on 3/15/24 after a large decline of -6.2%. Moreover, trading volume in this decline was exceptionally high at 629% of normal. The stock has declined -11.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HIBB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Hibbett has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hibbett has a good Appreciation Score of 77 and a very high Power Rating of 96, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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