In yesterday’s Wall Street session, Hanesbrands Inc (NYSE:HBI) shares traded at $5.63, down -0.88% from the previous session.
HBI stock price is now 19.97% away from the 50-day moving average and 24.54% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
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’
A total of 1.02% of the company’s stock is owned by insiders.
During the past 12 months, Hanesbrands Inc has had a low of $3.54 and a high of $5.79. As of last week, the company has a debt-to-equity ratio of 8.96, a current ratio of 1.64, and a quick ratio of 0.65. The fifty day moving average price for HBI is $4.72 and a two-hundred day moving average price translates $4.53 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for Dec, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.09 by -0.06. This compares to -$1.18 EPS in the same period last year. The net profit margin was -0.31% and return on equity was -4.34% for HBI. The company reported revenue of $1.3 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.98 percent. For the current quarter, analysts expect HBI to generate $1.19B in revenue.
Hanesbrands Inc(HBI) Company Profile
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International. It sells men’s underwear, women’s panties, children’s underwear, and socks, as well as intimate apparel comprising bras and shapewear; home goods; activewear apparel comprising T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals; and licensed logo apparel in collegiate bookstores and mass retail channels. The company licenses its Champion name for footwear and sports accessories. It offers its products 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, Bellinda, and RITMO brand names through retailers, wholesalers, and third-party embellishers. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.
