In yesterday’s Wall Street session, Hanesbrands Inc (NYSE:HBI) shares traded at $4.10, down -1.68% from the previous session.
As of this writing, 9 analysts cover 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 $5.40 and a low of $1.00, we find $4.50. Given the previous closing price of $4.17, this indicates a potential upside of 7.91 percent. HBI stock price is now -2.06% away from the 50-day moving average and -14.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
There are 6 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.11 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 205,337 shares of company stock worth roughly $0.84 million over the past 1 year. A total of 1.08% of the company’s stock is owned by insiders.
Friday morning saw Hanesbrands Inc (NYSE: HBI) opened at $4.2500. 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 14.71, a current ratio of 1.57, and a quick ratio of 0.65. The fifty day moving average price for HBI is $4.1732 and a two-hundred day moving average price translates $4.7576 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for Sep, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.11 by -0.01. This compares to $0.23 EPS in the same period last year. The net profit margin was -8.84% and return on equity was -108.29% for HBI. The company reported revenue of $1.51 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.54 percent. For the current quarter, analysts expect HBI to generate $1.36B in revenue.
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.