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Hibbett Sports Inc (HIBB): Today's Featured Specialty Retail Loser

By TheStreet Wire 05/29/12 - 05:01 PM EDT

Find out if (HIBB) is in Cramer's Portfolio.

Hibbett Sports (HIBB) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail loser. The industry as a whole closed the day up 1.1%. By the end of trading, Hibbett Sports fell 54 cents (-0.9%) to $56.51 on average volume. Throughout the day, 284,935 shares of Hibbett Sports exchanged hands as compared to its average daily volume of 361,900 shares. The stock ranged in price between $55.90-$57.88 after having opened the day at $57.29 as compared to the previous trading day's close of $57.05. Other company's within the Specialty Retail industry that declined today were: Tractor Supply (TSCO), down 7.2%, Zagg (ZAGG), down 2.8%, and Mecox Lane (MCOX), down 1.7%.

Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and Midwest regions of the United States. Hibbett Sports has a market cap of $1.51 billion and is part of the services sector. The company has a P/E ratio of 24.1, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 26.3% year to date as of the close of trading on Friday. Currently there are six analysts that rate Hibbett Sports a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Hibbett Sports as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

You can view the full Hibbett Sports Ratings Report.

On the positive front, Sport Chalet (SPCHB), up 7%, MarineMax (HZO), up 5.7%, America's Car-Mart (CRMT), up 4.4%, and Luxottica Group (LUX), up 4.4%, were all gainers within the specialty retail industry with Coinstar (CSTR) being today's featured specialty retail industry winner.

Use our specialty retail section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF (XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods (SZK).

Find other investment ideas from our top rated ETFs lists.

For more information on Hibbett Sports Inc click any of the following:

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