UPDATE: Williams Trading Starts Hibbett Sports (HIBB) at Buy

February 22, 2021 6:35 AM EST
Get Alerts HIBB Hot Sheet
Price: $71.58 --0%

Rating Summary:
    6 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 10 | New: 71
Trade Now! 
Join SI Premium – FREE
(Updated - February 22, 2021 6:44 AM EST)

Williams Trading analyst Sam Poser initiates coverage on Hibbett Sports (NASDAQ: HIBB) with a Buy rating and a price target of $80.00.

The analyst comments "We suspect that the initial FY22guidanceprovidedon February10threflects the aforementioned $20M -$40M of incremental sales as well as benefits from Nike's coming exit from Dillard's, Belk, and Boscov's, as well as HIBB's ongoing improvement in consumer engagement led by the strength of its CRM. At the same time, it's unclear to us why HIBB management found it necessary to FY22 EPS of $5.00 - $5.50, when the consensus EPS estimate, at the time was at $3.58. HIBB went into its quiet period as soon as the pre-announcement was issued, so we could not speak with management. The FY22 guidance also calls for SSS of -LSD to +LSD, with which we are comfortable."

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 $64.77 yesterday.


You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

Sam Poser