Hibbett Story

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HIBB -- USA Stock  

USD 46.67  0.22  0.47%

As many millenniums are trying to avoid consumer cyclical space, it makes sense to go over Hibbett Sports a little further and try to understand its current market patterns. As expected, Hibbett Sports is starting to reaffirm its true potential as investors are becoming more and more confident in the future outlook. The returns on investing in Hibbett Sports and the market returns of the last few months appear uncorrelated. The appearance of strong technical and fundamental indicators of the company suggests a short-term price swing for investors of Hibbett. Hibbett Sports is scheduled to announce its earnings today. The next earnings report is expected on the 19th of March 2021.
Published over a week ago
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Will Hibbett Sports (NASDAQ:HIBB) price continue to rise in December?
Hibbett Sports's average rating is Buy from 3 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Hibbett Sports market sentiment investors' perception of the future value of Hibbett. Let us look at a few aspects of Hibbett technical analysis. About 125.0% of the company shares are owned by institutional investors. Hibbett Sports has price-to-book (P/B) ratio of 1.81. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity has Price/Earnings To Growth (PEG) ratio of 1.18. The firm had not issued any dividends in recent years. Hibbett Sports had 3:2 split on the 28th of September 2005.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Hibbett Sports. In general, we focus on analyzing Hibbett Sports stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hibbett Sports's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Hibbett Sports's intrinsic value. In addition to deriving basic predictive indicators for Hibbett Sports, we also check how macroeconomic factors affect Hibbett Sports price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Hibbett Stands against Peers?

Analyzing Hibbett Sports competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Hibbett Sports across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Hibbett Sports Competition Details

How Hibbett utilizes its cash?

To perform a cash flow analysis of Hibbett Sports, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Hibbett Sports is receiving and how much cash it distributes out in a given period. The Hibbett Sports cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Hibbett Sports Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 92.29 Million

Exercise or conversion by Jane Aggers of 10000 shares of Hibbett Sports subject to Rule 16b-3

Legal trades by Hibbett Sports insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Hibbett insider trading alert for exercise of stock options (right to buy) by Jane Aggers, the corporate stakeholder, on 2nd of December 2020. This event was filed by Hibbett Sports Inc with SEC on 2020-12-02. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Hibbett Sports Semi Deviation

Hibbett Sports has current Semi Deviation of 3.08. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation 
=  
SQRT(SV) 
 = 
3.08
SQRT = Square root notation
SV =   Hibbett Sports semi variance of returns over selected period
Let's now compare Hibbett Sports Semi Deviation to its closest peers:
HIBB
ELA
BBW
FIVE
DKS
HIBB3.075873693201168
ELA7.79
BBW5.2
FIVE1.84
DKS1.96

Possible December correction of Hibbett?

The sortino ratio is down to 0.19 as of today. 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.

Our Final Take On Hibbett Sports

Whereas some other firms within the specialty retail industry are still a little expensive, even after the recent corrections, Hibbett Sports may offer a potential longer-term growth to investors. To conclude, as of the 20th of November 2020, our concluding 30 days advice on the company is Cautious Hold. We believe Hibbett Sports is overvalued with low probability of financial unrest for the next two years.

About Contributor

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 Terms of Use for any information regarding our disclosure principles.

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