Hibbett Inc. [HIBB] Is currently 3.64 below its 200 period moving average: what does this mean?


Hibbett Inc. [NASDAQ: HIBB] The scrip closed at $69.70, up 3.64% or 2.45 points with a heavy trading volume of 281826 shares. The company reported on November 16, 2022 that Hibbett announced its third quarter fiscal 2023 earnings release and webcast details.


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Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, today announced release details of its results for the third quarter ended October 29, 2022.

Hibbett plans to release its third quarter fiscal 2023 earnings prior to the market open on November 29, 2022, and will host a live, interactive webcast later that same day at 10:00 a.m. ET. A webcast of Hibbett’s quarterly earnings review will be available online at https://investors.hibbett.com/ under the News & Events section. The replay will run immediately following the end of the webcast and will be available online for 30 days.

It opened the trading session at $66.69, shares rose to $69.75 and fell to $66.42, the range by which the stock price traded throughout the day. The daily chart for HIBB shows that the company has registered a gain of 45.18% in the last six months. However, it is still down -76.1% from its most recent trading low.

If we look at the average trading volume of 293.50K shares, HIBB reached a volume of 281826 shares in the most recent trading day, which is why market watchdogs consider the stock active.

Here’s what top equity market gurus are saying about Hibbett Inc. [HIBB],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for HIBB shares is $75.71 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on HIBB stock is a recommendation at 1.60. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

BofA Securities has maintained its view on the stock as Buy, with its previous recommendation on October 25, 2022, Hibbett Inc. An estimate is made for the shares. The new note on the price target was issued on August 26, 2022, the official representation of Hibbett Inc. Price target for the stock. Analysts reduced their price target for HIBB shares from 120 to 80 on February 22, 2022.

Hibbett Inc. The Average True Range (ATR) for is set at 3.36, The Price to Sales ratio for HIBB stock over the trailing 12 months period is 0.54. The Price to Book ratio for the previous quarter was 2.80, the Price to Cash per share for the same quarter was set at 2.32.

Trading Performance Analysis for HIBB Stock

Hibbett Inc. [HIBB] Moved into the green zone at the end of last week, in a positive trend and rising up to 14.39. With this latest performance, HIBB shares are up 11.36% over the past four-week period, as well as down 45.18% over the past 6 months — not to mention a -26.17% decline over the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIBB stock for the past two-week period is set at 63.87, with the RSI last trading hit at 66.74, and the three-week RSI for Hibbett Inc. is set at 61.92. [HIBB], The current moving average of this stock for last 50 days of trade is 58.44, while it was recorded at 66.43 for last one week and 51.19 for last 200 days.

Hibbett Inc. [HIBB]: A Deep Dive into Fundamental Analysis

Hibbett Inc. Equally intriguing is its liquidity data, with a quick ratio of 0.20 and a current ratio set at 1.30.

Hibbett Inc. [HIBB]: Earnings Per Share (EPS) Analysis

The company’s progress can be viewed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for HIBB. When it comes to quoted price, analysts are expecting 5 Year EPS growth rate of 2.60% for Hibbett Inc.

An analysis of insider ownership in Hibbett Inc. [HIBB]

Institutional investors currently hold around $877 million in their hands. The top three institutional holders of HIBB stock are: BlackRock Inc. with ownership of 2,065,251, which accounts for approximately 4.273% of the company’s market cap and approximately 0.30% of total institutional ownership; Vanguard Group Inc. holds 978,650 shares of the stock with an approximate value of $68.21 million in HIBB stock shares; and DIMENSIONAL FUND ADVISORS LP, with $58.82 million in HIBB stock currently owning approximately 1.57% of the company’s market capitalization.

Hibbett Inc. is held by institutional investors. shares position increased at the end of November and at the time of the November reporting period, where 85 institutional holders increased their positions in Hibbett Inc. [NASDAQ:HIBB] By approximately 1,992,618 shares. Additionally, 108 investors reduced positions by approximately 2,707,615 shares, while 22 investors maintained positions by holding 7,881,836 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 12,582,069 shares. There were 25 new institutional investments in HIBB stock for a total of 1,034,467 shares, while 30 institutional investors sold 1,197,109 shares during the same period.

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