Hibbett Stock Relative Strength Rating Climbs; Setting Up For Another Monster Run?

Shares of sports apparel and accessories retailer Hibbett Sports (HIBB) soared over the past year as people sought refuge in the great outdoors. On Monday, the Relative Strength (RS) Rating for Hibbett stock jumped into a new percentile as it got a lift from 67 to 71.


The 71 RS Rating indicates that Birmingham, Ala.-based Hibbett stock has outperformed 71% of all stocks, no matter what industry group, over the past year. Reflecting that growth, Hibbett stock rose an amazing 1,269% from a 7.33 low in late March 2020 to an all-time high 100.32 on Aug. 26. It’s consolidated lately in sync with the recent market correction and closed at 78.77 Monday, after rising nearly 5% for the day.

Hibbett Stock Among Top 22% Overall

The market’s biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Hibbett stock can continue to show renewed price strength and clear that threshold.

Among other key ratings, Hibbett Sports has a 78 EPS Rating, and Hibbett stock has a matching 78 Composite Rating. That puts it in the top 22% of all stocks on key fundamental and technical metrics. One standout rating is its A SMR Rating (sales+profit margins+return on equity) on an A to E scale with A tops.

The company reported earnings last quarter that were flat with the strong growth a year ago. But that followed quarters in which its EPS grew 353%, 175% and more than 999%. Similarly, sales last quarter dipped 5% vs. a year ago after rising 20%, 20% and 88%.

Peers In Retail-Leisure Group

Hibbett stock holds the No. 10 rank among its peers in the Retail-Leisure Products industry group. Academy Sports & Outdoor (ASO) and Pool (POOL) are among the group’s highest-rated stocks.

Looking For Winning Stocks? Try This Simple Routine

While it’s not currently an ideal time to invest, see if watchlist candidate Hibbett stock goes on to offer a fresh buying opportunity, such as a cup or cup-with-handle base, or a bounce off of its 50-day or 10-week line.

When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.


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