The price of Hanesbrands Inc (NYSE:HBI) shares last traded on Wall Street fell -2.08% to $3.76.
Based on available information, 11 analysts follow Hanesbrands Inc (NYSE:HBI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $1.00, we find $5.40. Given the previous closing price of $3.84, this indicates a potential upside of 40.63 percent. HBI stock price is now -22.91% away from the 50-day moving average and -28.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
Among analysts, 8 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $4.77 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).
Insiders disposed of 204,126 shares of company stock worth roughly $0.77 million over the past 1 year. A total of 1.08% 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 CINCTIVE CAPITAL MANAGEMENT LP during the first quarter worth $5,902,000. BARINGTON CAPITAL GROUP, L.P. invested $3,760,000 in shares of HBI during the first quarter. In the first quarter, SOVIERO ASSET MANAGEMENT, LP acquired a new stake in Hanesbrands Inc valued at approximately $3,230,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in HBI for approximately $2,923,000. SCION ASSET MANAGEMENT, LLC purchased a new stake in HBI valued at around $1,504,000 in the second quarter. In total, there are 598 active investors with 89.41% ownership of the company’s stock.
A candlestick chart of Hanesbrands Inc (NYSE: HBI) showed a price of $3.8100 on Tuesday morning. During the past 12 months, Hanesbrands Inc has had a low of $3.54 and a high of $8.80. As of last week, the company has a debt-to-equity ratio of 12.01, a current ratio of 1.67, and a quick ratio of 0.61. The fifty day moving average price for HBI is $4.8562 and a two-hundred day moving average price translates $5.2629 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for Jun, 2023. According to the Apparel Manufacturing Company, earnings per share came in at -$0.01, beating analysts’ expectations of -$0.02 by 0.01. This compares to $0.26 EPS in the same period last year. The net profit margin was -6.61% and return on equity was -74.50% for HBI. The company reported revenue of $1.44 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.92 percent. For the current quarter, analysts expect HBI to generate $1.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/13/2022. Investors who held shares on 11/22/2022 were paid a $0.15 dividend.
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 and socks, and activewear, 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 and mass retail 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, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, Sheridan, Bras N Things, Wonderbra, Berlei, Zorba, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. It sells its products in the Americas, Europe, the Asia pacific region, and internationally. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.
