Hibbett Inc (NASDAQ: HIBB) has reported earnings for its first fiscal quarter (ending April 30) of $2.73 versus $2.80 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $8.29 compared to $9.70 a year ago.
Recent Price Action
Hibbett Inc (NASDAQ: HIBB) stock closed at $86.15 on 6/5/24 after a slight decline of -0.1%. Moreover, this decline was accompanied by above average trading volume at 127% of normal. The stock is unchanged 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 exceed 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 complementary signals. Hibbett has a slightly positive Appreciation Score of 65 and a very high Power Rating of 89, resulting in 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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