Hibbett, Inc. (HIBB) | Investment Case

1. Company Snapshot

1.a. Company Description

Hibbett, Inc.together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and mid-sized communities in the United States.Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories.

As of January 29, 2022, the company operated approximately 1,096 retail stores, which include 900 Hibbett Sports stores, 179 City Gear stores, and 17 Sports Additions athletic shoe stores.It also sells its products through online channels.Hibbett, Inc.

was founded in 1945 and is headquartered in Birmingham, Alabama.

Show Full description

1.b. Last Insights on HIBB

Key drivers behind Hibbett's recent momentum include its solid e-commerce strategies, effective loyalty program, and store expansion efforts. The company has also enhanced its customer experience through investments in e-commerce capabilities, which should help it navigate an elevated cost environment. Additionally, Hibbett has expanded its same-day and next-day delivery options through partnerships with Walmart GoLocal and Salesforce, increasing convenience for customers. Furthermore, the company's acquisition by JD Sports Fashion PLC is expected to close soon, pending final closing conditions.

1.c. Company Highlights

Last Price	87.49
Change Percentage	0.01%
Open	87.48
Previous Close	87.48
Market Cap ( Millions)	1045
Volume	1055180
Year High	87.53
Year Low	36.77
M A 50	86.9
M A 200	71.88

FCF Yield	0.00%
Dividend Yield	0.00%
ROE	9.02%
Debt / Equity	86.95%
Net Debt / EBIDTA	595.64%
Price To Book	2.67
Price Earnings Ratio	31.19
Price To FCF	99555.29
Price To sales	2.29
EV / EBITDA	24.1

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Hibbett Joins Uber Eats for On-Demand Streetwear and Sneaker Delivery

Oct -23

Source: prnewswire.com

Hibbett Renews Partnership with Digital Wave Technology to Scale Product Experience Management

Jul -08

Source: businesswire.com

Hibbett Unveils New Digital Experience Tailored Just for Kids With Launch of Hibbett Kids E-Commerce Platform

Jun -18

Source: businesswire.com

Hibbett and PUMA Deliver Hope to Children's of Alabama, Social Services With Donation to Support Families in Need

Dec -23

Source: businesswire.com

JD Sports completes acquisition of US sports retailer Hibbett

Jul -25

Source: proactiveinvestors.co.uk

Avantor Set to Join S&P MidCap 400; QuidelOrtho & Schneider National to Join S&P SmallCap 600

Jul -23

Source: prnewswire.com

Hibbett's (HIBB) Stock Rises on Solid E-commerce Strategies

Jul -15

Source: zacks.com

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Envestnet, Inc. - ENV

Jul -11

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Footwear

Expected Growth: 4.5%

Growing demand for athletic and casual footwear, increasing popularity of sports and fitness activities, and strategic partnerships with popular brands like Nike, Adidas, and Under Armour drive Hibbett Sports' growth.

Apparel

Expected Growth: 4.5%

Growing demand for athletic-inspired fashion, increasing popularity of athleisure wear, and strategic expansion of e-commerce platforms drive Hibbett Sports' growth.

Equipment

Expected Growth: 4.5%

Growing demand for athletic footwear and apparel, increasing popularity of sports and fitness activities, and strategic partnerships with popular brands like Nike, Under Armour, and Adidas drive Hibbett's equipment segment growth.

7. Detailed Products

Athletic Apparel

Hibbett offers a wide range of athletic apparel from top brands such as Nike, Under Armour, and Adidas, including t-shirts, shorts, pants, and jackets for men, women, and youth.

Footwear

Hibbett sells a variety of athletic footwear from popular brands, including running shoes, basketball shoes, soccer cleats, and sandals for men, women, and youth.

Team Sports Equipment

Hibbett offers a range of team sports equipment, including baseball bats, gloves, and protective gear, as well as soccer, basketball, and football equipment.

Fitness Equipment and Accessories

Hibbett sells fitness equipment and accessories, including yoga mats, resistance bands, and fitness trackers from popular brands.

Licensed Apparel and Gifts

Hibbett offers licensed apparel and gifts, including NFL, MLB, NBA, and NCAA team-branded merchandise.

8. Hibbett, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Hibbett, Inc. faces moderate threat from substitutes due to the presence of alternative products and services in the market. However, the company's strong brand recognition and customer loyalty mitigate this threat to some extent.

Bargaining Power Of Customers

Hibbett, Inc. has a large customer base, but individual customers do not have significant bargaining power due to the company's diversified customer base and lack of concentration.

Bargaining Power Of Suppliers

Hibbett, Inc. has a moderate level of bargaining power with its suppliers due to its large scale of operations and diversified supplier base. However, the company is still dependent on a few key suppliers, which limits its bargaining power.

Threat Of New Entrants

Hibbett, Inc. operates in a highly competitive market, but the threat of new entrants is low due to the high barriers to entry, including significant capital requirements and established brand recognition.

Intensity Of Rivalry

Hibbett, Inc. operates in a highly competitive market with many established players, leading to a high intensity of rivalry. The company must continuously innovate and differentiate itself to maintain its market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	0.00%
Debt Cost	3.95%
Equity Weight	100.00%
Equity Cost	12.58%
WACC	12.58%
Leverage	0.00%

11. Quality Control: Hibbett, Inc. passed 2 out of 9 key points

Strong Liquidity

Low Deb

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Shoe Carnival

A-Score: 4.3/10

Value: 7.2

Growth: 5.0

Quality: 4.9

Yield: 5.0

Momentum: 0.5

Volatility: 3.3

1-Year Total Return ->

J.Jill

A-Score: 4.2/10

Value: 8.7

Growth: 4.0

Quality: 6.3

Yield: 2.0

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

Designer Brands

A-Score: 4.2/10

Value: 9.8

Growth: 2.8

Quality: 3.8

Yield: 6.0

Momentum: 1.5

Volatility: 1.3

1-Year Total Return ->

Cato

A-Score: 3.9/10

Value: 9.8

Growth: 1.1

Quality: 4.5

Yield: 5.0

Momentum: 1.5

Volatility: 1.7

1-Year Total Return ->

Citi Trends

A-Score: 3.6/10

Value: 6.8

Growth: 1.7

Quality: 1.8

Yield: 0.0

Momentum: 8.5

Volatility: 2.7

1-Year Total Return ->

Hibbett

A-Score: 2.8/10

Value: 1.9

Growth: 2.1

Quality: 5.1

Yield: 1.0

Momentum: 5.0

Volatility: 2.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

8.37%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

12.58%

Hibbett, Inc. - US4285671016

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on HIBB

1.c. Company Highlights

Strong Momentum

Lower Growth

Medium Volatility

Average Quality

Earnings Miss

Fairly Valued

Higher Growth

Average Yield

Expensive

Stable Momentum

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Footwear

Expected Growth: 4.5%

Apparel

Expected Growth: 4.5%

Equipment

Expected Growth: 4.5%

7. Detailed Products

Athletic Apparel

Footwear

Team Sports Equipment

Fitness Equipment and Accessories

Licensed Apparel and Gifts

8. Hibbett, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Hibbett, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

87.49$

Current Price

87.49$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA