Stock To Watch: Hibbett Sports, Inc. (NASDAQ:HIBB)


The leading market experts have placed a mean price target of $37.94 on Hibbett Sports, Inc. (NASDAQ:HIBB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.73 a share for the upcoming quarter and $3.00 for the current fiscal. Technical View The technical analysis of Hibbett Sports, Inc. plainly substantiates that the 50-day moving average of Hibbett Sports, Inc. is $34.42, and stock is hovering 0.30 or +0.87% distant from $34.42. It is noted that the 200-day MA is $33.54, and Hibbett Sports, Inc. stock is $1.18 or +3.53% off from this point. Hibbett Sports, Inc. (NASDAQ:HIBB) 52-week high is $48.64 and the 52-week low is $27.58. This explains if the stock moves $-13.92, it will post a 52-week high. In event of $+25.89% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Hibbett Sports, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Hibbett Sports, Inc. (NASDAQ:HIBB) ratio came in at 11.52. The stock last ended the trading session at $34.72 and registered a market cap of $776.96M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Hibbett Sports, Inc. (NASDAQ:HIBB) PEG ratio is at 1.70.

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