Hibbett Reports Second Quarter Results

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Hibbett Sports (HIBB) PT Raised to $120 at BofA Securities

August 30, 2021 8:56 AM EDT

BofA Securities analyst Alexander Perry raised the price target on Hibbett Sports (NASDAQ: HIBB) to $120.00 (from $110.00) while maintaining a Buy rating.

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Hibbett Sports (HIBB) Tops Q2 EPS by $1.44, Offers Guidance

August 27, 2021 6:32 AM EDT

Hibbett Sports (NASDAQ: HIBB) reported Q2 EPS of $2.86, $1.44 better than the analyst estimate of $1.42. Revenue for the quarter came in at $419.3 million versus the consensus estimate of $320.89 million.

GUIDANCE:

Hibbett Sports sees FY2022 EPS of $11.00-$11.50, versus the consensus of $9.19.

Given the strong performance in the second quarter, we are updating our financial guidance for Fiscal 2022, which ends January 29, 2022. Due to continuing uncertainty in the business environment, potential legislation that could negatively impact our business, changes in consumer spending habits and ongoing supply chain disruptions, forecasting future results... More