Alert: Positive Investment/Fundamental Signals (12/4/23)-Hibbett Inc (NASDAQ: HIBB)


Recent exceptional positive changes in investment behavior have benefitted Hibbett Inc (NASDAQ: HIBB): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Recent important positive changes in fundamentals have benefitted Hibbett Inc (NASDAQ: HIBB): the consensus estimate for January, 2024 increased significantly, and the consensus estimate for January, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

HIBB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Hibbett has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hibbett has a good Appreciation Score of 77 but a neutral Power Rating of 41, leading to the High Neutral Value Trend Rating.

Recent Price Action

Hibbett Inc (NASDAQ: HIBB) stock rose modestly by 0.9% on 12/4/23. The stock closed at $66.26. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 12.1% during the last week.

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