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
Sector
Industry (SIC)
Former names
HIBBETT SPORTING GOODS INC, HIBBETT SPORTS INC
SEC CIK
Corporate docs
IRS number
208159608
HIBB stock data
News

10 Consumer Discretionary Stocks Whale Activity In Today's Session
16 Jun 22
Hibbett's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
3 Jun 22
Baird Maintains Outperform on Hibbett, Lowers Price Target to $70
31 May 22
10 Consumer Discretionary Stocks Whale Activity In Today's Session
27 May 22
Why Hibbett Shares Are Sliding Today
27 May 22
Analyst ratings and price targets
Current price
Average target
$67.50
Low target
$65.00
High target
$70.00
Baird
Maintains
$70.00
Telsey Advisory Group
Maintains
$65.00
Calendar
6 Jun 22
29 Jun 22
30 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Feb 19 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 204 |
Opened positions | 26 |
Closed positions | 41 |
Increased positions | 75 |
Reduced positions | 78 |
13F shares | Current |
---|---|
Total value | 717.15M |
Total shares | 14.69M |
Total puts | 323.7K |
Total calls | 116.6K |
Total put/call ratio | 2.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.18M | $96.63M |
Vanguard | 1.17M | $52.06M |
Dimensional Fund Advisors | 814.85K | $36.13M |
LSV Asset Management | 732.62K | $32.48M |
Khezrie James | 715K | $65.78M |
STT State Street | 567.52K | $25.16M |
D. E. Shaw & Co | 497.82K | $22.99M |
MCQEF Macquarie | 490.57K | $21.75M |
TROW T. Rowe Price | 475.04K | $21.06M |
Millennium Management | 261.63K | $11.6M |
Financial report summary
?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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Readability |
8th grade Avg
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New words:
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Removed:
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Financial reports
Current reports
8-K
Hibbett Announces Changes to the Board of Directors
13 Jun 22
8-K
Departure of Directors or Certain Officers
27 May 22
8-K
Hibbett Reports First Quarter Results
27 May 22
8-K
Entry into a Material Definitive Agreement
12 Apr 22
8-K
Hibbett Reports Fourth Quarter and Fiscal 2022 Results
4 Mar 22
8-K
Hibbett Provides Fiscal 2022 Business Update, Fiscal 2023 Outlook and Announces Webcast of Fourth Quarter and Full Year Fiscal 2022 Results
18 Feb 22
8-K
Hibbett Reports Third Quarter Results
3 Dec 21
8-K
Other Events
29 Nov 21
8-K
Hibbett Announces Promotion of Jared Briskin
9 Sep 21
8-K
Hibbett Reports Second Quarter Results
27 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
6 Jun 22
S-8
Registration of securities for employees
29 May 20
S-8
Registration of securities for employees
11 Jun 15
S-8
Registration of securities for employees
28 Jun 12
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Sep 07
Proxies
Other
UPLOAD
Letter from SEC
10 Mar 14
CORRESP
Correspondence with SEC
20 Feb 14
CORRESP
Correspondence with SEC
2 Feb 14
UPLOAD
Letter from SEC
26 Jan 14
UPLOAD
Letter from SEC
4 Mar 12
CORRESP
Correspondence with SEC
16 Feb 12
CORRESP
Correspondence with SEC
2 Feb 12
UPLOAD
Letter from SEC
26 Jan 12
UPLOAD
Letter from SEC
22 Jul 08
CORRESP
Correspondence with SEC
20 Jul 08
Ownership
3
HIBBETT / Pamela J Edwards ownership change
15 Jun 22
4
HIBBETT / ALTON E YOTHER ownership change
2 Jun 22
4
HIBBETT / ALTON E YOTHER ownership change
2 Jun 22
3
HIBBETT / RAMESH CHIKKALA ownership change
1 Jun 22
4
HIBBETT / Robert Volke ownership change
14 Apr 22
4
HIBBETT / WILLIAM G QUINN ownership change
8 Apr 22
4
HIBBETT / MICHAEL E LONGO ownership change
8 Apr 22
4
HIBBETT / Benjamin Ashley Knighten ownership change
8 Apr 22
4
HIBBETT / JARED S BRISKIN ownership change
8 Apr 22
4
HIBBETT / RONALD P BLAHNIK ownership change
8 Apr 22
Transcripts
2023 Q1
Earnings call transcript
27 May 22
2022 Q4
Earnings call transcript
4 Mar 22
2022 Q3
Earnings call transcript
3 Dec 21
2022 Q2
Earnings call transcript
27 Aug 21
2022 Q1
Earnings call transcript
28 May 21
2021 Q4
Earnings call transcript
5 Mar 21
2021 Q3
Earnings call transcript
20 Nov 20
2021 Q2
Earnings call transcript
28 Aug 20
2021 Q1
Earnings call transcript
26 May 20
2020 Q4
Earnings call transcript
20 Mar 20
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