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Hibbett (HIBB)

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1,067 stores under the Hibbett Sports and City Gear brands, primarily located in small and mid-sized communities. Founded in 1945, Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear and apparel from top brands like Nike, Jordan and adidas.

Company profile

Ticker
HIBB
Exchange
Website
CEO
Michael Longo
Employees
Incorporated
Location
Fiscal year end
Former names
HIBBETT SPORTING GOODS INC, HIBBETT SPORTS INC
SEC CIK
IRS number
208159608

HIBB stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$67.50
Low target
$65.00
High target
$70.00
Baird
Maintains
Outperform
$70.00
31 May 22
Telsey Advisory Group
Maintains
Outperform
$65.00
24 May 22

Calendar

6 Jun 22
29 Jun 22
30 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 23.22M 23.22M 23.22M 23.22M 23.22M 23.22M
Cash burn (monthly) (no burn) 20.64M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 41.22M n/a n/a n/a n/a
Cash remaining n/a -18M n/a n/a n/a n/a
Runway (months of cash) n/a -0.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 May 22 Yother Alton E Common Stock Option exercise Acquire M No No 0 28,780 0 31,160
26 May 22 Yother Alton E RSU Common Stock Option exercise Dispose M No No 0 28,780 0 0
26 May 22 Yother Alton E Common Stock Option exercise Acquire M No No 0 1,447 0 32,607
26 May 22 Yother Alton E RSU Common Stock Option exercise Dispose M No No 0 1,447 0 0
14 Apr 22 Robert Volke RSU Common Stock Option exercise Dispose M No No 0 8,000 0 0
13 Apr 22 Robert Volke Common Stock Payment of exercise Dispose F No No 45.54 2,428 110.57K 11,427
13 Apr 22 Robert Volke Common Stock Option exercise Acquire M No No 0 8,000 0 13,221
13F holders Current Prev Q Change
Total holders 204 219 -6.8%
Opened positions 26 35 -25.7%
Closed positions 41 36 +13.9%
Increased positions 75 52 +44.2%
Reduced positions 78 101 -22.8%
13F shares Current Prev Q Change
Total value 717.15M 1.07B -33.1%
Total shares 14.69M 14.81M -0.8%
Total puts 323.7K 208.5K +55.3%
Total calls 116.6K 146.9K -20.6%
Total put/call ratio 2.8 1.4 +95.6%
Largest owners Shares Value Change
BLK Blackrock 2.18M $96.63M -10.5%
Vanguard 1.17M $52.06M -6.7%
Dimensional Fund Advisors 814.85K $36.13M -10.6%
LSV Asset Management 732.62K $32.48M +0.6%
Khezrie James 715K $65.78M 0.0%
STT State Street 567.52K $25.16M +1.5%
D. E. Shaw & Co 497.82K $22.99M 0.0%
MCQEF Macquarie 490.57K $21.75M +1.6%
TROW T. Rowe Price 475.04K $21.06M -38.1%
Millennium Management 261.63K $11.6M +22.3%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 475.04K -292.69K -38.1%
BLK Blackrock 2.18M -255.51K -10.5%
Arrowstreet Capital, Limited Partnership 113.56K -177.23K -60.9%
Bronte Capital Management Pty 155.53K +155.53K NEW
Skylands Capital 164.13K +126.83K +340.0%
JPM JPMorgan Chase & Co. 226.71K +112.53K +98.6%
Dimensional Fund Advisors 814.85K -96.12K -10.6%
Jacobs Levy Equity Management 100.37K +85.45K +572.7%
Engineers Gate Manager 85.44K +85.44K NEW
Vanguard 1.17M -84.64K -6.7%

Financial report summary

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Risks
  • Risks Related to Our Business and Industry
  • Security threats, including physical and cyber-security threats, and unauthorized disclosure of sensitive or confidential information could cause us to incur substantial expenses, result in litigation or other legal actions, adversely affect our operating results, and harm our business and reputation with our consumers.
  • Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media could adversely impact our business.
  • Pressure from our competitors may force us to reduce our prices or increase our spending on marketing and promotion, which could lower our net sales, gross profit and operating income.
  • Our inability to identify and anticipate changes in consumer demands and preferences and our inability to respond to such consumer demands in a timely manner could reduce our net sales or profitability.
  • We are subject to payment-related risks that could increase our operating costs, subject us to potential liability, and potentially disrupt our business.
  • We rely heavily on information systems to conduct our business. Problems with our information systems could disrupt our operations and negatively impact our financial results and materially adversely affect our business operations.
  • Our failure to effectively manage our real estate portfolio may negatively impact our operating results.
  • We would be materially and adversely affected if all or a portion of our primary wholesale and logistics facility was disrupted.
  • A disruption in the flow of imported merchandise or an increase in the cost of those goods could significantly decrease our net sales and operating income.
  • Increases in transportation or shipping costs and other factors may negatively impact our results of operations.
  • Our operating results are subject to seasonal and quarterly fluctuations. Furthermore, our quarterly operating results, including comparable store net sales, will fluctuate and may not be a meaningful indicator of future performance.
  • We are subject to regional risks due to our stores within the South, Southwest, Mid-Atlantic and Midwest regions of the United States.
Management Discussion
  • Net sales. Net sales increased $271.5 million, or 19.1%, to $1.69 billion for Fiscal 2022 from $1.42 billion for Fiscal 2021. Furthermore:
  • •Comparable store net sales for Fiscal 2022 increased 17.4% compared to Fiscal 2021 primarily driven by continued strength in footwear, with notable growth in the women's and kids' categories, and sneaker-connected apparel and accessories. For Fiscal 2022, 1,034 stores were included in the comparable store sales comparison. 
  • •Stores not in the comparable store net sales calculation accounted for $71.1 million of net sales.

Content analysis

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