Streetbeat News

JDSPY

JD Sports Fashion plc.

https://www.jdsports.co.uk/

Industry

Beer, Wine, and Liquor Stores

Open

1.03

Mkt cap

5.2B

Volume

87K

High

1.03

P/E Ratio

12.44

52-wk high

2.19

Low

0.99

Div yield

0.01

52-wk low

0.95

Hibbett, Inc. (NASDAQ:HIBB) reported Q1 fiscal 2025 earnings per share of $2.67, missing the street view of $2.70. Quarterly revenues were $447.16 million, below the analyst consensus of $453.91 million. Comparable sales decreased 5.8% year over year. The company has withdrawn its guidance due to a pending acquisition by JD Sports Fashion PLC (OTC:JDSPY).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 12:24 pm

Hibbett, Inc. (NASDAQ:HIBB) shares surged 18% in premarket trading after announcing JD Sports Fashion PLC (OTC:JDSPY) will acquire it for $87.50 per share, a 21% premium over its April 22, 2024, closing price, valuing Hibbett at approximately $1.1 billion. The acquisition is expected to close in the second half of 2024, with Hibbett maintaining its headquarters in Birmingham, Alabama. The deal is seen as a strategic expansion for JD Sports, combining two leading athletic retail brands in the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 10:27 am

Hibbett Sports, Inc. has agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, totaling approximately $1.1 billion. This acquisition price represents a 21% premium over the April 22, 2024, closing price and a 29% premium over the 120-trading day volume weighted average price. The merger aims to create a global platform for athletic fashion distribution, with Hibbett's leadership, including Mike Longo and Jared Briskin, continuing in their roles. Hibbett will also maintain its headquarters in Birmingham.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:19 am

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