ValuEngine Upgrades Hibbett Sports To BUY

For today’s bulletin, we take a look at our latest STRONG BUY and BUY upgrades and focus on one of our top upgrades for the day, Hibbett Sports $HIBB. We also provide a link to download a FREE STOCK REPORT on the company

VALUATION WATCH: Overvalued stocks now make up 61.64% of our stocks assigned a valuation and 26.97% of those equities are calculated to be overvalued by 20% or more. Fourteen sectors are calculated to be overvalued. Because overvaluation is now calculated to be above 60%, we have re-instituted our valuation watch.

For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. All of the companies on our upgrade list today are ranked BUY.

Ticker Company Name Market Price Valuation Last 12-M Return 1-M Forecast Return 1-Yr Forecast Return P/E Ratio Sector Name
HIBB HIBBET SPORTS 13.7 -18.67% -67.09% 0.49% 5.94% 7.97 Retail-Wholesale
CVRR CVR REFINING LP 11.4 11.70% 27.09% 0.49% 5.87% 17.27 Oils-Energy
DISCA DISCOVERY COM-A 20.53 -53.19% -24.08% 0.49% 5.84% 9.33 Consumer Discretionary
JLL JONES LANG LASL 130.86 7.55% 25.14% 0.48% 5.70% 16.84 Finance
JCOM J2 GLOBAL INC 76.71 -8.94% 16.94% 0.47% 5.63% 14.83 Computer and Technology

For today’s bulletin, we take a look at Hibbett Sports (HIBB). Hibbett Sporting Goods, Inc. is a rapidly-growing operator of full-line sporting goods stores in small to mid-sized markets predominantly in the southeastern United States. Hibbett’s stores offer a broad assortment of quality athletic equipment, footwear and apparel at competitive prices with superior customer service.

Hibbett, like so many of the retailers we cover, has suffered in a market where the Amazons of the world are crushing brick and mortar retailers. However, the company is making strides in the e-commerce arena and early results from their online program are encouraging.

When they posted their last quarterly results in mid-August, Jeff Rosenthal, President and Chief Executive Officer, stated that the company

experienced a very difficult retail environment in the quarter, with a significant decline in transactions and resulting pressure on gross margin. Expenses were well controlled, while maintaining proper staffing and customer service levels in our stores. Looking forward, we expect the external environment to remain challenging, although we are encouraged with the progress we are making on our internal initiatives, most notably our new e-commerce website. Our early e-commerce sales have exceeded expectations and user feedback has been very positive. We will continue our efforts to grow our online business aggressively in the future, while continuing to improve our stores to provide a great overall customer experience.

Moving forward, the company expects the rest of fiscal 2018 to pose continuing challenges. They updated guidance during their last conference call to reflect the following:

  • Earnings per diluted share in the range of $1.25 to $1.35, which compares with previous guidance of $2.35 to $2.55.
  • Comparable store sales in the negative mid to high single-digit range, which compares with previous guidance in the range of negative 1.0% to positive 1.0%.
  • A reduction in gross margin rate of 250 to 285 basis points, which compares with previous guidance of a reduction in gross margin rate of 55 to 75 basis points compared with Fiscal 2017.

Below is our latest data for Hibbett Sports (HIBB):

ValuEngine updated its recommendation from HOLD to BUY for HIBBET SPORTS on 2017-10-11. Based on the information we have gathered and our resulting research, we feel that HIBBET SPORTS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Price Sales Ratio.

You can download a free copy of detailed report on Hibbett Sports (HIBB) from the link below.

ValuEngine Forecast
1-Month 13.57 0.50%
3-Month 13.53 0.25%
6-Month 13.05 -3.31%
1-Year 14.32 6.05%
2-Year 13.73 1.70%
3-Year 15.89 17.73%
Valuation & Rankings
Valuation 19.86% undervalued Valuation Rank(?) 83
1-M Forecast Return 0.50% 1-M Forecast Return Rank 84
12-M Return -67.16% Momentum Rank(?) 4
Sharpe Ratio -1.01 Sharpe Ratio Rank(?) 5
5-Y Avg Annual Return -28.57% 5-Y Avg Annual Rtn Rank 18
Volatility 28.15% Volatility Rank(?) 55
Expected EPS Growth -37.60% EPS Growth Rank(?) 5
Market Cap (billions) 0.34 Size Rank 47
Trailing P/E Ratio 7.85 Trailing P/E Rank(?) 97
Forward P/E Ratio 12.58 Forward P/E Ratio Rank 73
PEG Ratio n/a PEG Ratio Rank n/a
Price/Sales 0.36 Price/Sales Rank(?) 89
Market/Book 1.04 Market/Book Rank(?) 79
Beta 0.81 Beta Rank 50
Alpha n/a Alpha Rank n/a


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