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HIBB Hibbett Sports

Hibbett Sports, Inc. is an American publicly traded holding company for Hibbett Sporting Goods, a full line sporting goods retailer headquartered in Birmingham, Alabama. As of September, 2015, the company operated 1,025 retail stores in 32 states. Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, in the Southeast, Southwest and lower Midwest regions of the United States. States with the most stores are Georgia , Texas , and Alabama . Its stores offer a range of athletic equipment, footwear and apparel. The company's primary store format is the Hibbett Sports store, an approximately 5,000 square foot store located primarily in strip centers which are frequently influenced by a Wal-Mart store. In January 2015, Hibbett Sports reported net annual sales of US$ 913M on total assets of US$ 452M.

Company profile

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

HIBB stock data

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Calendar

7 Apr 21
17 Apr 21
30 Jan 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Apr 21 Robert Volke Common Stock Payment of exercise Dispose F No No 72.45 2,779 201.34K 5,221
13 Apr 21 Robert Volke Common Stock Option exercise Aquire M No No 0 8,000 0 8,000
13 Apr 21 Robert Volke RSU Common Stock Option exercise Dispose M No No 0 8,000 0 0
8 Apr 21 David Mitchell Benck Common Stock Payment of exercise Dispose F No No 71.25 1,005 71.61K 5,149
8 Apr 21 David Mitchell Benck Common Stock Option exercise Aquire M No No 0 3,333 0 6,154
8 Apr 21 David Mitchell Benck RSU Common Stock Option exercise Dispose M No No 0 3,333 0 0
8 Apr 21 Blahnik Ronald P Common Stock Payment of exercise Dispose F No No 71.25 1,280 91.2K 21,822
8 Apr 21 Blahnik Ronald P Common Stock Option exercise Aquire M No No 0 4,166 0 23,102
8 Apr 21 Blahnik Ronald P RSU Common Stock Option exercise Dispose M No No 0 4,166 0 0
8 Apr 21 Briskin Jared S Common Stock Payment of exercise Dispose F No No 71.25 3,621 258K 18,915

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 194 177 +9.6%
Opened positions 40 46 -13.0%
Closed positions 23 19 +21.1%
Increased positions 54 43 +25.6%
Reduced positions 77 66 +16.7%
13F shares
Current Prev Q Change
Total value 906.15M 804.98M +12.6%
Total shares 19.62M 20.54M -4.5%
Total puts 219.1K 135.9K +61.2%
Total calls 425.6K 549K -22.5%
Total put/call ratio 0.5 0.2 +108.0%
Largest owners
Shares Value Change
BLK Blackrock 2.65M $122.39M +4.9%
FMR 1.81M $83.7M +0.6%
Dimensional Fund Advisors 1.27M $58.73M -4.6%
Vanguard 1.17M $54.25M -0.9%
TROW T. Rowe Price 880K $40.64M +8367.3%
STT State Street 663.39K $30.64M +12.0%
Renaissance Technologies 529.19K $24.44M -29.2%
Intrinsic Edge Capital Management 513.15K $23.7M +212.4%
D. E. Shaw & Co 497.82K $22.99M NEW
D. E. Shaw & Co. 495.02K $22.86M -32.5%
Largest transactions
Shares Bought/sold Change
GMT Capital 0 -1.28M EXIT
TROW T. Rowe Price 880K +869.61K +8367.3%
D. E. Shaw & Co 497.82K +497.82K NEW
Intrinsic Edge Capital Management 513.15K +348.89K +212.4%
CGM Trust 0 -330K EXIT
JPM JPMorgan Chase & Co. 249.86K -317.47K -56.0%
MCQEF Macquarie 423.06K +292.77K +224.7%
D. E. Shaw & Co. 495.02K -238.17K -32.5%
Scopus Asset Management 225K +225K NEW
Renaissance Technologies 529.19K -218.69K -29.2%

Financial report summary

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Risks
  • Risks Related to Our Business and Industry
  • 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.
  • 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.
  • 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.
  • Our ability to attract customers to our stores that are located in malls or other shopping centers depends heavily on the success of these malls and shopping centers, and continued decreases in customer traffic in these malls or shopping centers, whether due to the growing preference for online shopping or otherwise, could cause our net sales and our profitability to be less than expected.
  • 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.
  • We may face difficulties in meeting our labor needs to effectively operate our business.
  • 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 $235.4 million, or 19.9% to $1.42 billion for Fiscal 2021 from $1.18 billion for Fiscal 2020. Furthermore:
  • •Comparable store net sales for Fiscal 2021 increased 22.2% compared to Fiscal 2020 primarily driven by strength in men's, women's and kids' footwear coupled with increased volume in sneaker-connected apparel and accessories. These strengths were partially offset by softer sales in team sports. For Fiscal 2021, 1,015 stores were included in the comparable store sales comparison. 
  • •Stores not in the comparable store net sales calculation accounted for $244.9 million of net sales.
Content analysis
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