Sporting goods trounced on chain’s grief

Wall Street investors may have to switch to decaf.

Jittery shareholders chopped a total of $2.5 billion in value from several sporting goods chains and athletic footwear makers on Monday after a single regional retailer — which just opened its e-commerce store on July 24 — reported its 1,000-plus brickand-mortar stores will report a 10 percent drop in same-store sales in the second quarter.

Hibbett Sports caused the stampede after reporting it has faced “very challenging sales trends” that caused it to slash prices.

Hibbett shares got crushed in the rush to the exits — tumbling 33.5 percent, to $13.10, after bouncing off a 52week low earlier in the session.

Investors then took down anything that smelled like a stinky sneaker.

Foot Locker shares fell 4.6 percent, to $45.05, Finish Line slipped 6.5 per- cent, to $13.15, and Dick’s Sporting Goods was off 5.5 percent, to $35.12.

Nike, which on June 29 confirmed it would be selling its shoes and apparel on Amazon, sending its shares up 11 percent, saw its shares tossed around in the Hibbett hurricane, falling 1.7 percent, to $59.95 — below the price investors set in the post-Amazon euphoria.

Under Armour shares slipped 3.1 percent, to $18.26, Deckers Outdoor was down 5.1 percent, to $62.92, and Crocs dropped 2.4 percent, to $7.60.

Investor jitteriness stems from the number of sporting goods chains that have gone bankrupt in recent years, which put pressure on the survivors as they were forced to cut prices to match the many going-out-of-business sales.

Quo Vadis Capital analyst John Zolidis told Reuters the move by Hibbett was “woefully late.”