Hibbett Sports, Inc. (HIBB) saw a big move in the last trading session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as HIBB is now trading below the volatile price range of $53.59 to $57.47 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company, an operator of sporting goods stores, has seen 3 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HIBB currently holds a Zacks Rank #4 (Sell).
Investors interested in the Non-food Retail industry may consider better-ranked stocks like Five Below, Inc. (FIVE), ITOCHU Corporation (ITOCY), Office Depot, Inc. (ODP), each of which holds a Zacks Rank #2 (Buy).
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