NasdaqGS:HIBB

Stock Analysis Report

Executive Summary

Hibbett Sports, Inc., together with its subsidiaries, engages in the retail of athletic-inspired fashion products through its stores.


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has Hibbett Sports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HIBB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.3%

HIBB

6.4%

US Specialty Retail

5.3%

US Market


1 Year Return

-52.0%

HIBB

-23.7%

US Specialty Retail

-10.7%

US Market

Return vs Industry: HIBB underperformed the US Specialty Retail industry which returned -23.7% over the past year.

Return vs Market: HIBB underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

HIBBIndustryMarket
7 Day4.3%6.4%5.3%
30 Day-44.5%-24.0%-13.6%
90 Day-60.4%-30.7%-19.8%
1 Year-52.0%-52.0%-22.6%-23.7%-8.9%-10.7%
3 Year-60.8%-60.8%2.8%-2.3%15.5%8.0%
5 Year-78.0%-78.0%1.5%-6.4%35.2%20.4%

Price Volatility Vs. Market

How volatile is Hibbett Sports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hibbett Sports undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HIBB ($10.93) is trading below our estimate of fair value ($46.7)

Significantly Below Fair Value: HIBB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HIBB is good value based on its PE Ratio (7.1x) compared to the Specialty Retail industry average (8x).

PE vs Market: HIBB is good value based on its PE Ratio (7.1x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: HIBB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: HIBB is good value based on its PB Ratio (0.6x) compared to the US Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is Hibbett Sports forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIBB's forecast earnings growth (11.8% per year) is above the savings rate (1.7%).

Earnings vs Market: HIBB's earnings (11.8% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: HIBB's earnings are forecast to grow, but not significantly.

Revenue vs Market: HIBB's revenue (0.07% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: HIBB's revenue (0.07% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HIBB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Hibbett Sports performed over the past 5 years?

-23.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HIBB has a large one-off loss of $19.3M impacting its February 1 2020 financial results.

Growing Profit Margin: HIBB's current net profit margins (2.3%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: HIBB's earnings have declined by -23.1% per year over the past 5 years.

Accelerating Growth: HIBB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HIBB had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Specialty Retail industry average (6.9%).


Return on Equity

High ROE: HIBB's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Hibbett Sports's financial position?


Financial Position Analysis

Short Term Liabilities: HIBB's short term assets ($372.5M) exceed its short term liabilities ($233.7M).

Long Term Liabilities: HIBB's short term assets ($372.5M) exceed its long term liabilities ($207.1M).


Debt to Equity History and Analysis

Debt Level: HIBB is debt free.

Reducing Debt: HIBB had no debt 5 years ago.

Debt Coverage: HIBB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HIBB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: HIBB has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if HIBB's debt is covered by short term assets.


Next Steps

Dividend

What is Hibbett Sports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HIBB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HIBB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HIBB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HIBB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HIBB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Michael Longo (58yo)

0.25

Tenure

Mr. Michael E. Longo serves as the President and Chief Executive Officer at City Gear, LLC. Mr. Longo serves as Chief Executive Officer and President at Hibbett Sports, Inc since December 16, 2019 and serv ...


Leadership Team

NamePositionTenureCompensationOwnership
Jared Briskin
Senior VP & Chief Merchant5.5yrsUS$768.98k0.021% $40.5k
Michael Longo
President0.25yrno data0.17% $328.1k
Scott Humphrey
Interim Chief Financial Officer0.50yrno datano data
Benjamin Knighten
Senior Vice President of Operationsno datano data0.0093% $17.6k
Ronald Blahnik
Senior VP & Chief Information Officer3.33yrsno data0.085% $160.7k
Jason Freuchtel
Director of Finance & Investor Relations0.33yrno datano data
David Benck
Senior VP & General Counsel11.92yrsno data0.012% $22.0k
Michael Myers
Vice President of HR & LPno datano datano data
William Quinn
Senior Vice President0.92yrno datano data
Elaine Rodgers
Corporate Secretaryno datano datano data

0.9yrs

Average Tenure

46yo

Average Age

Experienced Management: HIBB's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Longo
President0.25yrno data0.17% $328.1k
Michael Newsome
Chairman Emeritus0.83yrUS$374.33k0.24% $447.8k
Ralph Parks
Independent Director17.75yrsUS$170.01k0.19% $358.4k
Alton Yother
Independent Director15.58yrsUS$195.01kno data
Terrance Finley
Independent Director12yrsUS$166.03kno data
Anthony Crudele
Independent Chairman of the Board0.83yrUS$215.01k0.11% $213.9k
Lorna Nagler
Director0.67yrno datano data
Jane Aggers
Independent Director9.25yrsUS$195.01k0.0012% $2.3k
Karen Etzkorn
Independent Director3.33yrsUS$170.01kno data
James Hilt
Independent Director2.58yrsUS$116.85kno data

3.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: HIBB's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HIBB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hibbett Sports, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hibbett Sports, Inc.
  • Ticker: HIBB
  • Exchange: NasdaqGS
  • Founded: 1945
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: US$189.551m
  • Shares outstanding: 17.33m
  • Website: https://www.hibbett.com

Number of Employees


Location

  • Hibbett Sports, Inc.
  • 2700 Milan Court
  • Birmingham
  • Alabama
  • 35211
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIBBNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDOct 1996
HB6DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1996
HB6BRSE (Berne Stock Exchange)YesCommon SharesCHCHFOct 1996

Biography

Hibbett Sports, Inc., together with its subsidiaries, engages in the retail of athletic-inspired fashion products through its stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates hibbett.com and citygear.com e-commerce Websites. As of February 2, 2019, it operated 1,163 stores consisting of 1,025 Hibbett stores and 138 City Gear stores in 35 states of the United States. Hibbett Sports, Inc. was founded in 1945 and is headquartered in Birmingham, Alabama. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 00:20
End of Day Share Price2020/03/31 00:00
Earnings2020/02/01
Annual Earnings2020/02/01


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.