Needham & Company Maintains a 'Hold' on Hibbett Sports (HIBB); Q1 Preview
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Price: $87.49 --0%
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Hibbett Sports (NASDAQ: HIBB).
Analyst, Sean McGowan, said, "HIBB is scheduled to report 1Q ’12 sales on Friday May 18. We expect sales of $227.8 mm—up 11% YoY. A recent change in HS baseball regulations should drive sales of BBCOR-bats, and we believe this and favorable weather could act as catalysts for a sales beat. We are looking for a GM of 37.3% of sales (up slightly from 37.2% in 2011) and EPS of $0.92, which is in line with consensus. A year from now, we believe HIBB will trade at a forward P/E of approximately 19x, which puts the stock at ~$60. Given the stock’s strong performance in recent months, we believe upside is limited."
For an analyst ratings summary and ratings history on Hibbett Sports click here. For more ratings news on Hibbett Sports click here.
Shares of Hibbett Sports closed at $60.14 yesterday.
Analyst, Sean McGowan, said, "HIBB is scheduled to report 1Q ’12 sales on Friday May 18. We expect sales of $227.8 mm—up 11% YoY. A recent change in HS baseball regulations should drive sales of BBCOR-bats, and we believe this and favorable weather could act as catalysts for a sales beat. We are looking for a GM of 37.3% of sales (up slightly from 37.2% in 2011) and EPS of $0.92, which is in line with consensus. A year from now, we believe HIBB will trade at a forward P/E of approximately 19x, which puts the stock at ~$60. Given the stock’s strong performance in recent months, we believe upside is limited."
For an analyst ratings summary and ratings history on Hibbett Sports click here. For more ratings news on Hibbett Sports click here.
Shares of Hibbett Sports closed at $60.14 yesterday.
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