The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Hibbett Sports has an asset utilization ratio of 250.92 percent. This suggests that the company is making $2.51 for each dollar of assets. An increasing asset utilization means that Hibbett Sports is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of Hibbett Sports? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Hibbett Sports this year
Annual and quarterly reports issued by Hibbett Sports are formal
financial statements that are published yearly and quarterly and sent to Hibbett stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Hibbett Sports often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Hibbett Sports Gross Profit
Hibbett Sports Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Hibbett Sports previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Hibbett Sports Gross Profit growth over the last 10 years. Please check Hibbett Sports'
gross profit and other
fundamental indicators for more details.
Is Hibbett a risky opportunity?
Let's check the volatility. Hibbett is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Hibbett (NASDAQ:HIBB) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. taking in a share of a Hibbett Sports stock makes you a part-owner of that company.
Hibbett Sports Current Consensus
Here is the current trade recommendation based on an ongoing consensus estimate among financial analysis covering Hibbett Sports. The Hibbett consensus assessment is calculated by taking the average estimates from all of the analysts covering Hibbett Sports
| Strong Buy | 2 | 66.67 |
| Buy | 0 | 0.0 |
| Hold | 1 | 33.33 |
| Sell | 0 | 0.0 |
| Strong Sell | 0 | 0.0 |
Are Hibbett Sports technical ratios showing a come-back?
Current sortino ratio is at 0.17. Hibbett Sports shows above-average downside volatility for the selected time horizon. We advise investors to inspect Hibbett Sports further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Hibbett Sports future alpha.
Whereas many of the other players under the specialty retail industry are still a bit expensive, Hibbett Sports may offer a potential longer-term growth to investors. To conclude, as of the 28th of August 2020, we see that Hibbett Sports moves indifferently to market moves. The company is
overvalued with
low odds of financial turmoil within the next 24 months. Our actual 30 days buy-hold-sell recommendation on the company is
Sell.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Hibbett Sports. Please refer to our
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