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BofA Raises Hibbett Sports Price Target After Q3, Says Retailer Well-Positioned For Holidays

BofA Raises Hibbett Sports Price Target After Q3, Says Retailer Well-Positioned For Holidays

美國銀行第三季度上調Hibbett Sports目標價,稱零售商為假日做好了準備
Benzinga Real-time News ·  2020/11/24 03:43

Hibbett Sports, Inc. (NASDAQ:HIBB) reported robust results for the fiscal third quarter, with little impact of government stimulus, and appears poised to perform well during the holiday season, according to BofA Securities.

美國銀行證券(BofA Securities)稱,Hibbett Sports,Inc.(納斯達克股票代碼:HIBB)公佈了強勁的第三財季業績,幾乎沒有受到政府刺激的影響,似乎有望在假日季表現良好。

The Hibbett Sports Analyst: Alexander Perry maintained a Buy rating on Hibbett Sports and raised the price target from $50 to $55.

Hibbett Sports分析師:亞歷山大·佩裏(Alexander Perry)維持對Hibbett Sports的買入評級,並將目標價從50美元上調至55美元。

The Hibbett Sports Thesis: The company’s substantial earnings upside in Friday's third-quarter report was driven by same-store sales, with brick-and-mortar growth of 17.5% and e-commerce growth of 50.7%, Perry said in a Monday note. 

Hibbett Sports的論文:佩裏在週一的一份報告中表示,該公司在週五第三季度報告中的大幅收益增長是由同店銷售額推動的,實體增長17.5%,電子商務增長50.7%。

Government stimulus had a “minimal impact,” with same-store sales being driven by the following, the analyst said: 

這位分析師表示,政府刺激措施的影響微乎其微,同店銷售受到以下因素的推動:

  • New customer acquisition driven by omnichannel initiatives
  • Strong product cycle, led by Nike Inc (NYSE:NKE)
  • Shift in spending from travel, leisure and entertainment into premium athletic footwear and comfort apparel
  • 全方位渠道計劃推動的新客户獲取
  • 強勁的產品週期,以耐克公司(NYSE:NKE)為首
  • 消費從旅行、休閒和娛樂轉向高檔運動鞋和舒適服裝

“Gross margin of 38.1% (vs. our 32.9%) benefited from a low promotional environment and leverage of store occupancy expense partially offset by higher mix of e-comm. sales,” he said.

毛利率為38.1%(我們的毛利率為32.9%),這得益於低迷的促銷環境和商店佔用費用的槓桿作用,部分抵消了電子通信組合增加的影響。銷售。“他説。

The company is “taking share in a challenging COVID-19 environment,” Perry said. 

佩裏説,該公司正“在一個充滿挑戰的新冠肺炎環境中分得一杯羹”。

The analyst raised the earnings estimate for the fiscal fourth quarter from 70 cents per share to $1.06 per share to reflect high quality inventory, strong Nike product cycle, little impact from shutdowns due to the second wave of infections and continued gross margin expansion, according to BofA. 

美銀稱,該分析師將第四財季每股盈利預估從0.70美元上調至1.06美元,以反映高質量庫存、強勁的耐克產品週期、第二波感染導致停產的影響甚微,以及毛利率持續擴張。

HIBB Price Action: Shares of Hibbett Sports were trading 1.36% higher to $43.22 at last check Monday. 

HIBB價格行動:Hibbett Sports的股價週一收盤上漲1.36%,至43.22美元。

Public domain photo via Wikimedia. 

通過維基媒體發佈的公共領域照片。

譯文內容由第三人軟體翻譯。


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