The sporting goods retailer is now expecting to report earnings per diluted share between $2.63 and $2.73, compared to its previous guidance of $2.78 to $2.98.
Additionally, three firms lowered their ratings on Hibbett Sports.
Sterne Agee downgraded the company to “neutral” from “buy,” BMO Capital downgraded Hibbett to “market perform” from “outperform,” and Credit Suisse (CS) lowered its rating to “underperform” from “neutral.”
Separately, TheStreet Ratings team rates HIBBETT SPORTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HIBBETT SPORTS INC (HIBB) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: