Hanesbrands Inc. (NYSE:HBI) currently has a daily average trading volume of 10.80M but it saw 10015660 shares traded on Thursday. With a market cap of 1.44B USD, stock’s current market price of $3.93 came falling about -3.91 while comparing to the previous closing price of $4.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.12 and as low as $3.85. In the recent trading on the day, stock has struck highest price mark of $4.15 while lowest mark touched by it was $3.925.
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Taking a look at 20-day trading activity of Hanesbrands Inc. (HBI) gives us an average price of $4.33, while its current price level is -67.59% below from 52-week high level whereas it is 2.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.73 while that of 200 days or SMA-200 reads an average of $6.66. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.40% during that period while stretching the period over a month that decreases to 5.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.05 which implies that the stock is in neutral territory.
Hanesbrands Inc. (HBI)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $1.00 and $6.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.00. Average price target assigned by them is $4.64 which highlights an upside potential of 15.3% for the stock over that period. And to attain the median price target of $5.00 assigned by those analysts, stock has to add about 21.4% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, HBI’s stock price is moving -7.09% down while it is -18.30% when we observe its performance for the past one month. Year-to-date it is -38.21% down and over the past year, the stock is showing a downside performance of -64.75%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.06 beat the consensus estimate of -$0.07 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of -$0.02 while estimate for next year EPS is $0.31. For HBI, analysts are forecasting an EPS-growth rate of -68.40% for current year and estimate for EPS growth in next year is 138.70%. In next quarter, company is expected to be making quarterly sales of $1.68 billion as analysts are expecting the sales for current fiscal year at $6.05 billion and seeing the company making $6.19 billion in sales next year. Moreover, analysts are in estimates of $1.46 billion for current-quarter revenue.
Currently, Hanesbrands Inc.’s total number of outstanding shares is 350.44M with 1.04% of that held by the insiders while 86.85% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.80% and return on equity (ROE) at -52.80%. It has a 5.30 of forward P/E ratio. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 4.05 while price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -4.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.14% in the Hanesbrands Inc. (HBI) decreasing its stake to 7.26% with control over 35989.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 25,376,508 of company’s common stock of worth $132.97 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Hanesbrands Inc., as Vanguard Total Stock Market ETF picked 11,027,903 shares of worth $57.79 million to bring its holdings to a total of 0.16 million shares. In the most recent quarter, Undiscovered Managers Behavioral came cutting its stake by -0.66% in the company and now holds 10.81 million or 3.09% of the company’s stake having worth of about 56.63 million.
