Bullish Case: HIBB boasts strong holiday sales, solid analyst endorsements, and a low price-to-book ratio indicative of undervaluation, suggesting potential for growth.


Bearish Case: Recent crimes at a retail location and a mixed earnings report reflect operational and reputational risks that may weigh on the stock.


Potential Outcomes: 55% chance of modest gains following analyst optimism and solid sales; 30% chance of sideways movement with market skepticism; 15% likelihood of decline amid operational challenges.


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April 17, 2024


Hibbett Sports Forecast

HIBB        Hibbett Sports
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HIBB



AXON Forecast + Options Trading Strategies   [AXON]  Axon Enterprise (0.92)


VNOM Forecast + Options Trading Strategies   [VNOM]  Viper Energy (0.91)


GEO Forecast + Options Trading Strategies   [GEO]  Geo Group (0.9)


TMUS Forecast + Options Trading Strategies   [TMUS]  T-Mobile US (0.9)


CB Forecast + Options Trading Strategies   [CB]  Chubb (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to HIBB



NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.0)


AEP Forecast + Options Trading Strategies   [AEP]  American Electric Power (-0.0)


LAD Forecast + Options Trading Strategies   [LAD]  Lithia Motors (0.0)


CMCSA Forecast + Options Trading Strategies   [CMCSA]  Comcast (0.0)


XES Forecast + Options Trading Strategies   [XES]  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HIBB



BB Forecast + Options Trading Strategies   [BB]  BlackBerry (-0.82)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.83)


LAZR Forecast + Options Trading Strategies   [LAZR]  Luminar (-0.84)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (-0.84)


RILY Forecast + Options Trading Strategies   [RILY]  B. Riley Financial (-0.85)





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