Hibbett, Inc.

NasdaqGS:HIBB Voorraadrapport

Marktkapitalisatie: 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 Inkomsten in het verleden

Verleden criteriumcontroles 3/6

Hibbett heeft de winst zien groeien met een gemiddeld jaarlijks percentage van 22.1%, terwijl de Specialty Retail-industrie de winst zag dalen met 3.6% per jaar. De inkomsten zijn gegroeid met een gemiddeld jaarlijks percentage van 9.5%. Het rendement op eigen vermogen van Hibbett is 22.3%, en het heeft een nettomarge van 5.8%.

Belangrijke informatie

22.06%

Groei van de winst

28.15%

Groei van de winst per aandeel

Specialty Retail Groei van de industrie26.64%
Inkomstengroei9.48%
Rendement op eigen vermogen22.31%
Nettomarge5.80%
Laatste winstupdate04 May 2024

Recente prestatie-updates uit het verleden

Recent updates

Analyseartikel • 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
Analyseartikel • 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
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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.
Analyseartikel • 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.

Opbrengsten en kosten

Hoe Hibbett geld verdient en uitgeeft. Gebaseerd op laatst gerapporteerde winst, op LTM-basis.

Inkomsten en omzetgeschiedenis

NasdaqGS:HIBB Opbrengsten, kosten en inkomsten (USD Millions )
DatumInkomstenInkomstenG+A UitgavenR&D-uitgaven
04 May 241,7211004050
03 Feb 241,7291033980
28 Oct 231,7211113890
29 Jul 231,7221113930
29 Apr 231,7401253900
28 Jan 231,7081283900
29 Oct 221,6331073920
30 Jul 221,5821073840
30 Apr 221,6081293860
29 Jan 221,6911743820
30 Oct 211,6851813140
31 Jul 211,6341813550
01 May 211,6571743460
30 Jan 211,420743480
31 Oct 201,356563130
01 Aug 201,300332680
02 May 201,111-162900
01 Feb 201,184272980
02 Nov 191,177283460
03 Aug 191,119273150
04 May 191,077352700
02 Feb 191,009282640
03 Nov 18969322470
04 Aug 18990382440
05 May 18967362350
03 Feb 18968352320
28 Oct 17948372270
29 Jul 17948442250
29 Apr 17967542250
28 Jan 17973612230
29 Oct 16972662170
30 Jul 16963712110
30 Apr 16955712080
30 Jan 16943712040
31 Oct 15937732010
01 Aug 15927711990
02 May 15921731950
31 Jan 15913741930
01 Nov 14892711910
02 Aug 14882711880
03 May 14874731850
01 Feb 14852711820
02 Nov 13852731780
03 Aug 13847751750

Kwaliteitswinsten: HIBB heeft hoge kwaliteitsinkomsten.

Groeiende winstmarge: De huidige netto winstmarges (5.8%) HIBB } zijn lager dan vorig jaar (7.1%).

Analyse vrije kasstroom versus winst

Analyse van de winstgroei in het verleden

Winsttrend: De winst van HIBB is de afgelopen 5 jaar aanzienlijk gegroeid met 22.1% per jaar.

Versnelling van de groei: De winstgroei HIBB is het afgelopen jaar negatief geweest en kan daarom niet worden vergeleken met het 5-jarig gemiddelde.

Winst versus industrie: HIBB had het afgelopen jaar een negatieve winstgroei ( -19.4% ), waardoor het moeilijk is om te vergelijken met het branchegemiddelde Specialty Retail ( -1.1% ).

Rendement op eigen vermogen

Hoge ROE: Het Rendement op eigen vermogen ( 22.3% ) van HIBB wordt als hoog beschouwd.

Rendement op activa

Rendement op geïnvesteerd vermogen

Ontdek sterk presterende bedrijven uit het verleden

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1Y

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Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2024/07/27 13:53
Aandelenkoers aan het einde van de dag2024/07/26 00:00
Inkomsten2024/05/04
Jaarlijkse inkomsten2024/02/03

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Hibbett, Inc. wordt gevolgd door 31 analisten. 1 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

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