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Hibbett Sports: Looking Expensive After Strong Pandemic Performance

May 06, 2021 7:30 AM ETHibbett, Inc. (HIBB)ADDDF, ADDYY, BGFV, DKS, GCO, NKE, SCVL, FL4 Comments
Philip MacKellar profile picture
Philip MacKellar
756 Followers

Summary

  • Hibbett has had a great run since the market bottom in March 2020.
  • In the latest fiscal year, comparable store sales grew 22.2%, e-commerce sales jumped 89.3%, and earnings per share ballooned from $1.52 to $4.36.
  • Though momentum could carry the stock further and the outlook appears good, valuations look expensive and insiders are significant net sellers.
Nike wall
Photo by vesilvio/iStock Editorial via Getty Images

Introduction

Hibbett (NASDAQ:HIBB) is a sporting goods retailer with around 1,100 stores under the Hibbett Sports or City Gear banners. Geographically, it is in 35 states, with its largest concentrations in Texas, Georgia, Alabama, and Tennessee. The stores tend to be located

This article was written by

Philip MacKellar profile picture
756 Followers
Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The opinions expressed – imperfect and often subject to change – are not intended nor should be taken as advice or guidance. Contra the Heard Investment Newsletter is not an investment advisor or financial advisor. The information enclosed in this article is deemed to be accurate and reliable, but is not guaranteed by the author.

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