Stocks of Hanesbrands Inc. (NYSE:HBI) traded higher last session on Wall Street, down -4.24% to $7.00.
According to the data, Hanesbrands Inc. (NYSE:HBI) has 12 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $3.00, we find $7.00. Given the previous closing price of $7.31, this indicates a potential downside of -4.24 percent. HBI stock price is now -8.10% away from the 50-day moving average and -38.37% away from the 200-day moving average. The market capitalization of the company currently stands at $2.14B.
A total of 8 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $6.80 as their price target over the next twelve months.
With the price target reduced from $10 to $7, Credit Suisse Downgraded its rating from Outperform to Neutral for Hanesbrands Inc. (NYSE: HBI). On October 31, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Underweight’ on the stock reducing its target price from $13 to quote $5, while ‘Evercore ISI’ rates the stock as ‘In-line’.
In other news, Preston Tracy M, GC, Corp Sec and CCO bought 3,000 shares of the company’s stock on Sep 12. The stock was bought for $28,065 at an average price of $9.36. Upon completion of the transaction, the GC, Corp Sec and CCO now directly owns 3,000 shares in the company, valued at $21000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09, Director Johnson James C bought 2,000 shares of the business’s stock. A total of $18,220 was incurred on buying the stock at an average price of $9.11. This leaves the insider owning 26,913 shares of the company worth $0.19 million. Insiders disposed of 208,624 shares of company stock worth roughly $1.46 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HBI stock. A new stake in Hanesbrands Inc. shares was purchased by CANTOR FITZGERALD INVESTMENT ADVISORS L.P. during the first quarter worth $4,998,000. KETTLE HILL CAPITAL MANAGEMENT, LLC invested $2,367,000 in shares of HBI during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in Hanesbrands Inc. valued at approximately $2,318,000. AIGEN INVESTMENT MANAGEMENT, LP acquired a new stake in HBI for approximately $2,148,000. CITADEL ADVISORS LLC purchased a new stake in HBI valued at around $1,898,000 in the second quarter. In total, there are 709 active investors with 88.10% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $7.17 for Hanesbrands Inc. (NYSE: HBI). During the past 12 months, Hanesbrands Inc. has had a low of $6.40 and a high of $17.87. As of last week, the company has a debt-to-equity ratio of 5.78, a current ratio of 1.70, and a quick ratio of 0.70. The fifty day moving average price for HBI is $7.62 and a two-hundred day moving average price translates $11.36 for the stock.
The latest earnings results from Hanesbrands Inc. (NYSE: HBI) was released for Jul, 2022. According to the Apparel Manufacturing Company, earnings per share came in at $0.28, missing analysts’ expectations of $0.32 by -0.04. This compares to -$0.07 EPS in the same period last year. The net profit margin was 5.40% and return on equity was 48.90% for HBI. The company reported revenue of $1.67 billion for the quarter, compared to $1.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.64 percent. For the current quarter, analysts expect HBI to generate $1.72B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2022. Investors who held shares on 08/24/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 8.57% percent yield. There was an ex-dividend date of 08/23/2022 for this dividend. In terms of dividend payout ratio, HBI is presently at 59.90%.
Hanesbrands Inc.(HBI) Company Profile
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men’s underwear, women’s panties, children’s underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.