Why Hibbett Sports, Inc. (NASDAQ:HIBB) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $38.44 on Hibbett Sports, Inc. (NASDAQ:HIBB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.98 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Hibbett Sports, Inc. (NASDAQ:HIBB) stands at 12.58.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Hibbett Sports, Inc., the PEG ratio for coming 3-5 years is 1.51.

Technical Analysis

The technical analysis highlights that Hibbett Sports, Inc. current is trading $1.92 points away or +5.34% from its 50-day moving average of $35.99. Further it is trading $2.88 or +8.22% away its 200-day moving average of $35.03.

The 52-week high of Hibbett Sports, Inc. (NASDAQ:HIBB) was $41.49 while lowest point recorded in 52-week was $27.58. It implies if stock price makes a movement of over $-3.58, it will record a new 52-week high. In the case of +37.45% drop, it will touch a new 52-week low.

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