The price of Hanesbrands Inc (NYSE:HBI) shares last traded on Wall Street fell -2.07% to $3.79.
Based on available information, 8 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 $5.00 and a low of $1.00, we find $4.50. Given the previous closing price of $3.87, this indicates a potential upside of 16.28 percent. HBI stock price is now -6.25% away from the 50-day moving average and -17.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
Among analysts, 5 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $3.93 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 $0.78 million over the past 1 year. A total of 1.09% of the company’s stock is owned by insiders.
A candlestick chart of Hanesbrands Inc (NYSE: HBI) showed a price of $3.8800 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 14.71, a current ratio of 1.57, and a quick ratio of 0.65. The fifty day moving average price for HBI is $4.0428 and a two-hundred day moving average price translates $4.6113 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for Sep, 2023. 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.
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.
