Hibbett Sports, Inc. (HIBB) is an American publicly traded holding company for Hibbett Sporting Goods, a full line sporting goods retailer headquartered in Birmingham, Alabama. The company operates 1,095 stores in 35 states. Hibbett sells a wide variety of sporting goods, including athletic shoes, apparel, and equipment for team sports, fitness, and outdoor recreation.
Hibbett Sports was founded in 1948 as a single store in Birmingham. The company grew rapidly in the 1970s and 1980s, and went public in 1994. Hibbett has continued to grow in recent years, and is now the third largest sporting goods retailer in the United States.
The company's stock is traded on the Nasdaq Stock Exchange under the ticker symbol HIBB. Hibbett Sports's analyst rating consensus is a Moderate Buy.
Here is a more detailed description of Hibbett Sports:
- Business model: Hibbett Sports is a specialty retailer of sporting goods. The company sells a wide variety of athletic shoes, apparel, and equipment for team sports, fitness, and outdoor recreation. Hibbett's stores are typically located in suburban areas and offer a convenient shopping experience for customers.
- Target market: Hibbett Sports targets a broad range of customers, including casual and serious athletes, as well as fitness enthusiasts and outdoor recreationists. The company's products are priced to appeal to a wide range of budgets.
- Competitive landscape: Hibbett Sports competes with a number of other sporting goods retailers, including Dick's Sporting Goods, Foot Locker, and Academy Sports + Outdoors. These retailers offer a wider selection of products than Hibbett, but Hibbett's stores are typically located in smaller markets.
- Financial performance: Hibbett Sports has been profitable for most of its history. The company's revenue has grown steadily in recent years, and its earnings per share have also increased.
- Risks: The sporting goods industry is cyclical, and Hibbett Sports's business could be affected by a decline in consumer spending. The company is also exposed to risks related to its supply chain, such as rising transportation costs and tariffs.
Overall, Hibbett Sports is a well-established sporting goods retailer with a solid financial performance. The company faces some challenges from its competitive landscape, but it is well-positioned to continue to grow in the future.
Here are some of the factors that could impact Hibbett Sports's stock price in the future:
- The overall health of the economy. A strong economy would lead to increased consumer spending, which would benefit Hibbett Sports.
- The performance of the sporting goods industry. If the sporting goods industry is doing well, Hibbett Sports is likely to do well as well.
- The company's own financial performance. If Hibbett Sports continues to grow its revenue and earnings, its stock price is likely to rise.
- Competitive factors. If Hibbett Sports is able to compete effectively with other sporting goods retailers, its stock price is likely to rise.
- Investor sentiment. If investors become more optimistic about the future of the sporting goods industry, Hibbett Sports's stock price is likely to rise.
