Hibbett Sports operates sporting goods retail stores, offering a range of merchandise, including athletic footwear, team sports equipment, athletic and fashion apparel, and related accessories.The company was founded in 1945 and is based in Birmingham, Alabama.
HIBB Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Hibbett Sports Inc. To summarize, we found that Hibbett Sports Inc ranked in the 66th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 159.5%. In terms of the factors that were most noteworthy in this DCF analysis for HIBB, they are:
Hibbett Sports Inc's effective tax rate, as measured by taxes paid relative to net income, is at 20 -- greater than 80.14% of US stocks with positive free cash flow.
Hibbett Sports Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -8,888. This coverage rate is greater than that of merely 0.14% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 11. This value is greater than 65.36% stocks in the Consumer Cyclical sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
TSCO, AMCR, CRTO, ICON, and NVR can be thought of as valuation peers to HIBB, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
Susquehanna says it is confident on Hibbett Sports (HIBB) after meeting with management. Analyst Sam Poser says the firm believes guidance from Hibbett could be conservative. Potential positives could be B&M door closures and bankruptcies of retailers, lean inventory levels and best-in-class omni-channel capabilities. "We are confident HIBB is well...
BIRMINGHAM, Ala., Sept. 14, 2020 /PRNewswire/ -- Hibbett Sports (NASDAQ:HIBB), the Birmingham-based premium athleisure and footwear retailer operating online and in nearly 1,100 stores nationwide, today announced the opening of the newly relocated store in the Morgantown Mall, Main Wing…
Hibbett Sports (HIBB) had a stellar second quarter. The company reported consolidated comparable sales growth of nearly 80% on a year-to-year basis, driven by a brick-and-mortar comp growth of 65% and e-commerce comp growth of 212%, compared to a consolidated comparable sales decline of 19.5% in Q1. The market has...
NEW YORK, Aug. 28, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, KODK, HIBB, ULTA, and BIG. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different…
BIRMINGHAM, Ala.--(BUSINESS WIRE)---- $HIBB--Hibbett Sports, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today provided financial results for its second quarter ended August 1, 2020, and business updates. Mike Longo, President and Chief Executive Officer, stated, “Our business continued to generate significant momentum in a challenging business environment. Our resilient business model and dedicated team members delivered on our commitment of superior customer service with a compelling