HIBB Stock Summary and Trading Ideas (Hibbett | NASDAQ:HIBB)

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 trades on the NASDAQ stock market under the symbol HIBB.

As of April 18, 2024, HIBB stock price declined to $70.07 with 363,934 million shares trading.

HIBB has a beta of 1.73, meaning it tends to be more sensitive to market movements. HIBB has a correlation of 0.18 to the broad based SPY ETF.

HIBB has a market cap of $826.59 million. This is considered a Small Cap stock.

Last quarter Hibbett reported $467 million in Revenue and $2.55 earnings per share. This fell short of revenue expectation by $-11 million and met earnings estimates .

In the last 3 years, HIBB stock traded as high as $101.65 and as low as $34.86.

The top ETF exchange traded funds that HIBB belongs to (by Net Assets): IJR, VTI, IWM, AVUV, VXF.

HIBB stock has underperformed the market in the last year with a return of +19.9%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HIBB shares. However, HIBB has outperformed the market in the last 3 month and 2 week periods, returning +10.0% and -1.8%, while SPY returned +6.1% and -3.8%, respectively. This indicates HIBB has been having a stronger performance recently.

HIBB support price is $68.35 and resistance is $71.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIBB stock will trade within this expected range on the day.