Hibbett, Inc.

Informe acción NasdaqGS:HIBB

Capitalización de mercado: US$1.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Hibbett Dirección

Dirección controles de criterios 4/4

El CEO de Hibbett es Mike Longo , nombrado en Dec 2019, tiene una permanencia de 4.58 años. compensación anual total es $2.12M, compuesta por 42.5% salario y 57.5% primas, incluidas acciones y opciones de la empresa. posee directamente un 0.78% de las acciones de la empresa, por valor de $8.11M. La antigüedad media del equipo directivo y de la junta directiva es de 4.5 años y 5 años, respectivamente.

Información clave

Mike Longo

Chief Executive Officer (CEO)

US$2.1m

Compensación total

Porcentaje del salario del CEO42.46%
Permanencia del CEO4.6yrs
Participación del CEO0.8%
Permanencia media de la dirección4.5yrs
Promedio de permanencia en la Junta Directiva5yrs

Actualizaciones recientes de la dirección

Recent updates

Artículo de análisis • Apr 30

Here's Why Hibbett (NASDAQ:HIBB) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Apr 23

JD Sports' Acquisition Gives Great Value To Hibbett Shareholders

Summary JD Sports Fashion has proposed to acquire Hibbett at a price of $87.50 per share in cash, representing a premium of 20.7% from the previous day's stock close. The deal is subject to shareholder and regulatory approval, but I don't see any blocks in the transaction as likely. The acquisition price looks to be a good deal for Hibbett shareholders, as I see HIBB stock's fair value at less than the proposed transaction price. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Hibbett: Short-Term Concerns Don't Negate Long-Term Story

Summary Now that HIBB has rerated from 6x to 10x FY2025 EPS, concerns center around returns on incremental investments and the factors that dictate those returns. Recently updated FY2025 guidance did not do much to alleviate these concerns, as comp and gross margin guidance did not impress. However, I still think Hibbett's store base still has value given the lack of local competition surrounding those stores and the store network's replacement cost. If comps turn to growth and gross margins expand, I see a case for the stock to reach $125 over time. In a downside scenario, I see a case for the stock to trade at around $60 over time. It may be difficult to invest in HIBB in the face of another year of poor comps and a difficult retail environment, but I think the long-term upside outweighs the downside. Read the full article on Seeking Alpha
Artículo de análisis • Mar 12

Hibbett's (NASDAQ:HIBB) Dividend Will Be $0.25

Hibbett, Inc.'s ( NASDAQ:HIBB ) investors are due to receive a payment of $0.25 per share on 2nd of April. This payment...
Seeking Alpha • Feb 19

Hibbett Is More Protected Than It Seems

Summary Hibbett has shown resilience in maintaining its operations despite challenging circumstances. The bullish argument for investing in Hibbett includes its low multiples of current earnings and its ability to weather economic downturns. However, there is a risk associated with Nike's strategic shifts and their potential impact on Hibbett's business. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Hibbett's Undervaluation Has Been Corrected (Downgrade)

Summary Hibbett's stock has performed exceptionally well, with a total return of 89% since my previous write-up with a buy rating. The company's financial performance has been mixed due to a pressured consumer spending, with declining revenues in Q2 and Q3 but a well-performing profitability and higher margin guidance in Q3. Hibbett's signed a new partnership agreement with Nike, combining the companies' loyalty programs. The new partner could pose moderate upside to Hibbett's financial performance. While the financials have performed quite well, the valuation has now mostly caught up with reality. As such, I downgrade into a hold rating. Read the full article on Seeking Alpha
Artículo de análisis • Jan 07

Is Now The Time To Look At Buying Hibbett, Inc. (NASDAQ:HIBB)?

While Hibbett, Inc. ( NASDAQ:HIBB ) might not have the largest market cap around , it received a lot of attention from...
Artículo de análisis • Dec 18

Hibbett, Inc.'s (NASDAQ:HIBB) Shares Bounce 29% But Its Business Still Trails The Market

Hibbett, Inc. ( NASDAQ:HIBB ) shares have continued their recent momentum with a 29% gain in the last month alone...
Artículo de análisis • Nov 06

We Think Hibbett (NASDAQ:HIBB) Might Have The DNA Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Artículo de análisis • Sep 27

Does Hibbett (NASDAQ:HIBB) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Artículo de análisis • Aug 31

Hibbett (NASDAQ:HIBB) Has Affirmed Its Dividend Of $0.25

Hibbett, Inc. ( NASDAQ:HIBB ) has announced that it will pay a dividend of $0.25 per share on the 19th of September...
Artículo de análisis • Jul 19

The Trend Of High Returns At Hibbett (NASDAQ:HIBB) Has Us Very Interested

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Artículo de análisis • Jun 03

Hibbett (NASDAQ:HIBB) Is Paying Out A Dividend Of $0.25

Hibbett, Inc. ( NASDAQ:HIBB ) will pay a dividend of $0.25 on the 20th of June. This means the dividend yield will be...
Artículo de análisis • May 23

Is Now The Time To Look At Buying Hibbett, Inc. (NASDAQ:HIBB)?

Hibbett, Inc. ( NASDAQ:HIBB ), is not the largest company out there, but it received a lot of attention from a...
Artículo de análisis • Mar 09

Hibbett (NASDAQ:HIBB) Has Affirmed Its Dividend Of $0.25

Hibbett, Inc. ( NASDAQ:HIBB ) has announced that it will pay a dividend of $0.25 per share on the 28th of March. The...
Artículo de análisis • Jan 18

Is It Time To Consider Buying Hibbett, Inc. (NASDAQ:HIBB)?

While Hibbett, Inc. ( NASDAQ:HIBB ) might not be the most widely known stock at the moment, it led the NASDAQGS gainers...
Artículo de análisis • Dec 18

Shareholders Would Enjoy A Repeat Of Hibbett's (NASDAQ:HIBB) Recent Growth In Returns

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Artículo de análisis • Nov 29

Hibbett (NASDAQ:HIBB) Has Announced A Dividend Of $0.25

Hibbett, Inc. ( NASDAQ:HIBB ) has announced that it will pay a dividend of $0.25 per share on the 20th of December. The...
Artículo de análisis • Oct 27

Are Investors Undervaluing Hibbett, Inc. (NASDAQ:HIBB) By 49%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hibbett, Inc...
Artículo de análisis • Oct 07

Is It Time To Consider Buying Hibbett, Inc. (NASDAQ:HIBB)?

Hibbett, Inc. ( NASDAQ:HIBB ), is not the largest company out there, but it saw a significant share price rise of over...
Seeking Alpha • Oct 04

Hibbett Is Expensive For Its Operational Risk

Summary HIBB is a retailer of footwear concentrated in the U.S. Southeast. The company has shown significant top-line growth, but those improvements were destroyed by uncontrolled SG&A expenses. The stock's current pricing implies a positive macroeconomic future and ignores the company's historic underperformance. In the short term, similar YoY revenue per sq ft levels would be a good sign. For the long term, improvements in SG&A management. Hibbett, Inc. (HIBB), is a sports apparel retailer, particularly of Nike (NKE) footwear. The company's stores are concentrated in the Southeast, in what the company calls "underserved communities." Like many retailers, HIBB's revenues exploded in 2021, and the company leveraged on its operations to generate extraordinary profits. That same operational leverage now exposes the company to a significant decrease in earnings that may not be completely priced in the stock yet. Before the pandemic, between 2009 and 2019, the company had grown retail space by 40% and revenues per square feet by another 40%. However, growth was completely eaten by faster-growing SG&A expenses. In strategic terms, falling profits with growing revenues during much of the past decade signal either a less-than-ideal business or a less-than-ideal management. In my opinion, that means investors should demand a higher margin of safety on HIBB's stock. On a more short-term basis, although future macroeconomic conditions are difficult to forecast, the current reading seems to point a little more towards deterioration of consumption. Therefore, from a tactical perspective, HIBB is also expensive. Note: Unless otherwise stated, all information has been obtained from HIBB's filings with the SEC. Industry and competitive advantages HIBB is a pure retailer of sports apparel and footwear. The company has no manufacturing operations and no private brands. As of January 2022 (FY22 in the company's financial statements), 65% of the company's sales were generated by Nike products, who has been the most important vendor since 2012 at least. The second most important vendor is Adidas (ADDYY, ADDDF) with a much lower 6% of sales. In my opinion, HIBB has to compete on the basis of its stores, particularly location and ambience, and on the basis of cost control. Given that the company carries the same brands other retailers carry, it has to compete on the basis of how attractive stores are to customers. More customer traffic also provides the company with bargaining power with vendors. Also, given that it operates in a high-rivalry, low-margin industry, it has to control costs to keep profits high across the cycle. HIBB's competitive strategy is based on store location. The company concentrates its stores in "underserved communities" in the Southeast. The company has 100 stores in Alabama but only 18 in California, 124 in Georgia and only 3 in New York, 115 in Texas and none in most Northeastern states. According to the company, by locating its stores in underserved locations, it generates lower rent and labor costs, while facing less competition. Although this strategy is interesting, it does not provide a moat. In order to compete on the same basis, a competitor only has to open stores in the same communities. Finally, like every brick and mortar retailer, HIBB carries substantial operational leverage. Stores and salespeople have to be paid quite independently of revenue levels. Combined with low operating margins, this multiplies small variations in revenues into enormous variations in net income. Operational history Now that we understand the company's competitive landscape, we can use metrics to judge the company's operations. Starting with the top line, HIBB has done very well. Like the chart below shows, the company has grown revenues consistently. Although cyclical, the company's gross margins have also grown. Data by YCharts Revenue growth was caused mostly by increasing sales per square foot of retail space (first chart below). The company also increased its total retail space (more or bigger stores, second chart below). However, during the fastest retail space growth period (2012 to 2017) the company's sales per dollar spent on leases actually decreased. This signals that the company was being marginally less efficient on each square foot of retail space added. HIBB's sales per square feet, total square feet and sales per dollar spent on leases (Own, based on HIBB's filings with the SEC) As we move down the income statement, SG&A expenses eat most gross profit increases. This is normal in most retail operations. Controlled SG&A expenses signal superior management and a more desirable company. The first chart below shows that the company's operating margin shrank continuously between 2012 and 2020. SG&A expenses grew faster than gross profits. The result is a falling net income, as shown in the second chart below (ending in January 2020). Data by YChartsData by YCharts Finally on the historic side, the company had low investment requirements, besides SG&A and lease fixed costs. As the chart below shows (also ending in January 2020), FCF (free cash flow) followed net income quite closely for the past decade, varying more than the latter because of working capital changes. The company's capital expenditures are concentrated on store remodeling and decoration and have been low except for particular strategic brand image changes that require higher CAPEX, like in 2014, or as we will see later, 2020 and 2021. Data by YCharts Moving closer to the present, when the pandemic-generated consumption boom impacted HIBB, the company's profits exploded. Revenue per dollar spent on leases and revenue per dollar spent on SG&A both increased significantly, generating a lot of positive operational leverage. Because of supply chain bottlenecks, extra demand was satisfied with inventories. That generated a lot of CFO (cash from operations) that later decreased as the company replenished its inventories. Data by YCharts Most of that extra cash was used to repurchase shares. In 2021, HIBB repurchased almost $300 million of its own shares. Unfortunately, most of those shares were repurchased at all-time high prices. The average purchase price for 2021 was $78 per share. The company was only able to reduce its share count by 14% Data by YCharts HIBB also increased CAPEX significantly. The company decided to remodel its stores, increasing capital expenditures to $70 million in both 2021 and 2022 from $15 million in 2019. Data by YCharts The resulting decrease in cash flows caused by higher capex and inventory rebuilding was financed by a credit line open for $125 million paying Bloomberg Short Term Bank Yield plus 1 percent (between 4% and 5% at current rates). As of 2Q22, HIBB had drawn $90 million from that facility and had record inventories of $370 million. HIBB price considerations I have commented that HIBB's industry is not great. The company may have built a small niche by locating its stores in underserved communities, but the moat of that niche is low. A competitor only needs to open stores in the same areas to compete on substantially the same basis. HIBB has not shown good management, either. Before the pandemic-induced demand boost, the company was losing profits because it was unable to keep SG&A costs in line. Management repurchased $300 million in all-time-high shares, and is heavily investing into a forecasted recession, showing low conservativeness. Finally, the company has reduced its cash reserves and increased operational and financial leverage in a cloudy macroeconomic environment. In particular, as we will see below, the company's operational leverage makes it very sensitive to small variations in demand. These three considerations imply that HIBB is not an outstanding company in an outstanding expected context. Therefore, the investor should demand a significant promised return, or margin of safety, to compensate for the business' subpar characteristics and context's extra risks.
Seeking Alpha • Sep 25

Hibbett: A Solid Play On Market Pessimism

Summary Hibbett has been hit hard by the market decline and as a result of weakness on both the top and bottom lines. Investors seem to be very pessimistic about the firm right now, but shares look incredibly cheap on an absolute basis. Although there may be better prospects on the market today, this entity makes for an attractive prospect right now.
Artículo de análisis • Sep 12

These 4 Measures Indicate That Hibbett (NASDAQ:HIBB) Is Using Debt Extensively

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Sep 06

Hibbett Sports goes ex-dividend tomorrow

Hibbett Sports (NASDAQ:HIBB) had declared $0.25/share quarterly dividend, in line with previous. Payable Sept. 20; for shareholders of record Sept. 8; ex-div Sept. 7. See HIBB Dividend Scorecard, Yield Chart, & Dividend Growth.

Análisis de compensación del CEO

¿Cómo ha cambiado la remuneración de Mike Longo en comparación con los beneficios de Hibbett?
FechaCompensación totalSalarioIngresos de la empresa
May 04 2024n/an/a

US$100m

Feb 03 2024US$2mUS$900k

US$103m

Oct 28 2023n/an/a

US$111m

Jul 29 2023n/an/a

US$111m

Apr 29 2023n/an/a

US$125m

Jan 28 2023US$2mUS$850k

US$128m

Oct 29 2022n/an/a

US$107m

Jul 30 2022n/an/a

US$107m

Apr 30 2022n/an/a

US$129m

Jan 29 2022US$3mUS$700k

US$174m

Oct 30 2021n/an/a

US$181m

Jul 31 2021n/an/a

US$181m

May 01 2021n/an/a

US$174m

Jan 30 2021n/an/a

US$74m

Oct 31 2020n/an/a

US$56m

Aug 01 2020n/an/a

US$33m

May 02 2020n/an/a

-US$16m

Feb 01 2020US$4mUS$369k

US$27m

Compensación vs. Mercado: La compensación total de Mike($USD2.12M) está por debajo de la media de empresas de tamaño similar en el mercado US ($USD3.71M).

Compensación vs. Ingresos: La compensación de Mike ha sido consistente con los resultados de la empresa en el último año.

CEO

Mike Longo (63 yo)

4.6yrs
Permanencia
US$2,119,452
Compensación

Mr. Michael E. Longo, also known as Mike, serves as Director at Federal Reserve Bank of Atlanta since January 2024. He serves as Chief Executive Officer, President and Director at Hibbett, Inc. since Decem...

Equipo directivo

NombrePosiciónPermanenciaCompensaciónPropiedad
Michael Longo
President4.6yrsUS$2.12m0.78%
$ 8.1m
Robert Volke
Senior VP of Accounting & Finance and CFO4.3yrsUS$729.87k0%
$ 0
Benjamin Knighten
Senior Vice President of Store Operations4.3yrsUS$783.26k0%
$ 0
William Quinn
Senior Vice President of Marketing & Digital5.3yrsUS$780.59k0.16%
$ 1.6m
Jared Briskin
Executive Vice President of Merchandising9.8yrsUS$965.59k0.40%
$ 4.2m
Ronald Blahnik
Senior VP & Chief Information Officer7.7yrsUS$1.17m0.40%
$ 4.2m
Gavin Bell
Vice-President of Investor Relations & Treasuryno datasin datossin datos
David Benck
Senior VP16.3yrssin datos0.24%
$ 2.5m
Mark Gunn
Senior VP & Chief Human Resources Officerless than a yearsin datossin datos
Michael McAbee
Senior Vice President of Supply Chain & Store Development2.3yrssin datos0%
$ 0
Jonalin Smith
Senior Vice President of Merchandising2.3yrssin datos0%
$ 0
Elaine Rodgers
Corporate Secretaryno datasin datossin datos
4.5yrs
Permanencia media
56yo
Promedio de edad

Equipo directivo experimentado: El equipo directivo de HIBB se considera experimentado (4.5 años antigüedad media).

Miembros de la Junta

NombrePosiciónPermanenciaCompensaciónPropiedad
Michael Longo
President4.6yrsUS$2.12m0.78%
$ 8.1m
Michael Newsome
Chairman Emeritus5.2yrsUS$218.61ksin datos
Terrance Finley
Independent Director16.3yrsUS$180.02k0.027%
$ 282.2k
Anthony Crudele
Independent Chairman of the Board12.2yrsUS$280.03k0%
$ 0
Lorna Nagler
Independent Director5yrsUS$205.05k0%
$ 0
Ramesh Chikkala
Independent Director2.2yrsUS$145.25k0%
$ 0
Dorlisa Flur
Independent Director5yrsUS$205.05k0.047%
$ 489.7k
Linda Hubbard
Independent Director3.2yrsUS$215.14k0%
$ 0
Karen Etzkorn
Independent Director7.7yrsUS$180.05k0%
$ 0
James Hilt
Independent Director6.9yrsUS$180.02k0%
$ 0
Pamela Edwards
Independent Director2.1yrsUS$140.76k0%
$ 0
5.0yrs
Permanencia media
63yo
Promedio de edad

Junta con experiencia: La junta directiva de HIBB se considera experimentada (5 años de antigüedad promedio).

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2024/07/27 11:26
Precio de las acciones al final del día2024/07/26 00:00
Beneficios2024/05/04
Ingresos anuales2024/02/03

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

Hibbett, Inc. está cubierta por 31 analistas. 1 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Justin KleberBaird
Kristine KoerberBarrington Research Associates, Inc.
John LawrenceBenchmark Company