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October 12, 2017



For today's bulletin, we take a look at our latest STRONG BUY and BUY upgrades and focus on one of our top upgrades for the day, Hibbett Sports $HIBB. We also provide a link to download a FREE STOCK REPORT on the company

VALUATION WATCH: Overvalued stocks now make up 61.64% of our stocks assigned a valuation and 26.97% of those equities are calculated to be overvalued by 20% or more. Fourteen sectors are calculated to be overvalued. Because overvaluation is now calculated to be above 60%, we have re-instituted our valuation watch.

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--Upgrades

ValuEngine Upgrades Hibbett Sports To BUY

For today's edition of our upgrade list, we used our website's advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. All of the companies on our upgrade list today are ranked BUY.

Ticker
Company Name
Market Price
Valuation
Last 12-M Return
1-M Forecast Return
1-Yr Forecast Return
P/E Ratio
Sector Name
HIBB
HIBBET SPORTS
13.7
-18.67%
-67.09%
0.49%
5.94%
7.97
Retail-Wholesale
CVRR
CVR REFINING LP
11.4
11.70%
27.09%
0.49%
5.87%
17.27
Oils-Energy
DISCA
DISCOVERY COM-A
20.53
-53.19%
-24.08%
0.49%
5.84%
9.33
Consumer Discretionary
JLL
JONES LANG LASL
130.86
7.55%
25.14%
0.48%
5.70%
16.84
Finance
JCOM
J2 GLOBAL INC
76.71
-8.94%
16.94%
0.47%
5.63%
14.83
Computer and Technology

For today's bulletin, we take a look at Hibbett Sports (HIBB). Hibbett Sporting Goods, Inc. is a rapidly-growing operator of full-line sporting goods stores in small to mid-sized markets predominantly in the southeastern United States. Hibbett's stores offer a broad assortment of quality athletic equipment, footwear and apparel at competitive prices with superior customer service.

Hibbett, like so many of the retailers we cover, has suffered in a market where the Amazons of the world are crushing brick and mortar retailers. However, the company is making strides in the e-commerce arena and early results from their online program are encouraging.

When they posted their last quarterly results in mid-August, Jeff Rosenthal, President and Chief Executive Officer, stated that the company

experienced a very difficult retail environment in the quarter, with a significant decline in transactions and resulting pressure on gross margin. Expenses were well controlled, while maintaining proper staffing and customer service levels in our stores. Looking forward, we expect the external environment to remain challenging, although we are encouraged with the progress we are making on our internal initiatives, most notably our new e-commerce website. Our early e-commerce sales have exceeded expectations and user feedback has been very positive. We will continue our efforts to grow our online business aggressively in the future, while continuing to improve our stores to provide a great overall customer experience.

Moving forward, the company expects the rest of fiscal 2018 to pose continuing challenges. They updated guidance during their last conference call to reflect the following:

  • Earnings per diluted share in the range of $1.25 to $1.35, which compares with previous guidance of $2.35 to $2.55.
  • Comparable store sales in the negative mid to high single-digit range, which compares with previous guidance in the range of negative 1.0% to positive 1.0%.
  • A reduction in gross margin rate of 250 to 285 basis points, which compares with previous guidance of a reduction in gross margin rate of 55 to 75 basis points compared with Fiscal 2017.

Below is our latest data for Hibbett Sports (HIBB):

ValuEngine updated its recommendation from HOLD to BUY for HIBBET SPORTS on 2017-10-11. Based on the information we have gathered and our resulting research, we feel that HIBBET SPORTS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Price Sales Ratio.

You can download a free copy of detailed report on Hibbett Sports (HIBB) from the link below.



ValuEngine Forecast
 
Target
Price*
Expected
Return
1-Month
13.57 0.50%
3-Month
13.53 0.25%
6-Month
13.05 -3.31%
1-Year
14.32 6.05%
2-Year
13.73 1.70%
3-Year
15.89 17.73%

Valuation & Rankings
Valuation
19.86% undervalued
Valuation Rank(?)
83
1-M Forecast Return
0.50%
1-M Forecast Return Rank
84
12-M Return
-67.16%
Momentum Rank(?)
4
Sharpe Ratio
-1.01
Sharpe Ratio Rank(?)
5
5-Y Avg Annual Return
-28.57%
5-Y Avg Annual Rtn Rank
18
Volatility
28.15%
Volatility Rank(?)
55
Expected EPS Growth
-37.60%
EPS Growth Rank(?)
5
Market Cap (billions)
0.34
Size Rank
47
Trailing P/E Ratio
7.85
Trailing P/E Rank(?)
97
Forward P/E Ratio
12.58
Forward P/E Ratio Rank
73
PEG Ratio
n/a
PEG Ratio Rank
n/a
Price/Sales
0.36
Price/Sales Rank(?)
89
Market/Book
1.04
Market/Book Rank(?)
79
Beta
0.81
Beta Rank
50
Alpha
n/a
Alpha Rank
n/a

 

DOWNLOAD A FREE SAMPLE OF OUR HIBBETT SPORTS (HIBB) REPORT BY CLICKING HERE

 

ValuEngine.com is an Independent Research Provider (IRP), producing buy/hold/sell recommendations, target price, and valuations on over 5,000 US and Canadian equities every trading day.
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Visit www.ValuEngine.com for more information

 

ValuEngine Capital Management LLC is a Registered Investment Advisory (RIA) firm that trades client accounts using ValuEngine's award-winning stock research.
Contact ValuEngine Capital at info@valuenginecapital.com
Visit www.ValuEngineCapital.com for more information

 

 
 
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