QUOTE AND NEWS
Benzinga  May 23  Comment 
Hibbett Sports, Inc. (NASDAQ: HIBB) reported its 1Q results with the comp and EPS in line with expectations. Brean Capital’s Eric Tracy maintains a Sell rating on the company, with a price target of $30. Limited Visibility Although...
Benzinga  Apr 29  Comment 
MKM Partners initiated coverage on Dicks Sporting Goods Inc (NYSE: DKS) with a Buy rating. Dicks Sporting shares have dropped 15.59 percent over the past 52 weeks, while the S&P 500 index has declined 1.54 percent in the same period. Dicks...
Benzinga  Mar 15  Comment 
Goldman Sachs’ Stephen Tanal downgraded the rating for Hibbett Sports, Inc. (NASDAQ: HIBB) from Neutral to Sell, while raising the price target from $33 to $35. Reasons For The Downgrade Possible acceleration in the secular challenges...
Benzinga  Mar 11  Comment 
Following the market opening Friday, the Dow traded up 1.03 percent to 17,170.72 while the NASDAQ climbed 1.15 percent to 4,715.96. The S&P also rose, gaining 1.01 percent to 2,009.68. Leading and Lagging Sectors On Friday, energy shares...




 
     Table of Contents      
Intro and Overview
     Introduction
     Business Overview
Trends and Forces
      Key Trends and Forces
Competition

Hibbett Sports (NASDAQ: HIBB) sells sporting goods in retail stores predominately in the Sun Belt, Mid-Atlantic, and lower Midwest regions of the U.S.A. It focuses on markets where there is little to no direct competition - small counties with as few as 30,000 people - and as a result, its stores are smaller than those of major sporting goods retailers Dick's Sporting Goods (50,000 square feet) and Big 5 (11,000 square feet).[1] It also differs from its peers in selling only full-priced products rather than a mix of premium and discount goods.

Hibbett mainly competes with local independent sporting goods stores rather than national chains because of its small store size, and its lack of discount offerings. Hibbett depends on discretionary income to build its sales - its products are not necessary commodities. As such, the company is exposed to a hurting U.S. economy, the credit crunch, and seasonal fluctuations.

Well many products range in price and can be very dfeferint in cost. Like for example in jackets, some jackets can be $300 and some jackets with Gore-Tech material can be up to $500. My pants are Burton Cargo pants and they were $200. My helmet is made my Pro tech and it was about $60. My boots where about $100 and they were pretty good boots. My board is a Forum Destroyer and i paid about $500?? Around there i forgot how much it cost. My bindings are Burton Cartel Bindings and cost about $250. Many equipment can vary in price due to the materials that are involved in making those products.

References

  1. HIBB 2007 10K, Item 1:Business, pg.5
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