Hibbett Sports, Inc. (HIBB), stock jumped more than 20% Friday following the release of company earnings. HIBB stock rose as high as $23.88, which is 32.37% higher than Thursday’s closing price of $18.04, reports Investors Observer.
The Birmingham-based retail chain owns sports equipment stores in relatively rural, niche locations across the country and has a growing online presence as it fights bigger city competitors like Dicks Sporting Goods.
Hibbett Sports, Inc. (HIBB) stock jumped more than 20% Friday following the release of company earnings. HIBB stock rose as high as $23.88, which is 32.37% higher than Thursday’s closing price of $18.04. HIBB stock is down -9.15% over the last 12 months, and the average rating from Wall Street analysts is a Hold.
Stock Score Report, InvestorsObserver’s proprietary scoring system, gives HIBB stock a score of 57 out of a possible 100. That score is primarily influenced by a short-term technical score of 79. HIBB’s score also includes a long-term technical score of 60. The fundamental score for HIBB stock is 33.
In addition to the average rating from Wall Street analysts, HIBB stock has a mean target price of $17.50. This means analysts expect the stock to decline 18.03% over the next 12 months.
What’s Happening with HIBB Stock Today
Hibbett Sports, Inc. (HIBB) stock has gained 2.94% while the S&P 500 is up 0.93% as of 10:24 AM on Tuesday, Mar 26. HIBB stock is up $0.61 from the previous closing price of $20.74 on volume of 91,379 shares. Over the past year the S&P 500 is up 6.24% while HIBB is down -9.15%. HIBB stock earned $1.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.28.
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