In yesterday’s Wall Street session, Hanesbrands Inc (NYSE:HBI) shares traded at $8.31, down -2.69% from the previous session.
HBI stock price is now 0.28% away from the 50-day moving average and 30.56% away from the 200-day moving average. The market capitalization of the company currently stands at $2.93B.
With the price target enhanced from $9 to $11, UBS Upgraded its rating from Neutral to Buy for Hanesbrands Inc (NYSE: HBI). On November 10, 2022, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $10 to quote $7, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, VANESSA LEFEBVRE-ROBINSON, Officer bought 276,394 shares of the company’s stock on Nov 13 ’24. The stock was bought for $2,196,503 at an average price of $7.95. A total of 1.20% of the company’s stock is owned by insiders.
During the past 12 months, Hanesbrands Inc has had a low of $3.88 and a high of $9.10. As of last week, the company has a debt-to-equity ratio of 23.93, a current ratio of 1.49, and a quick ratio of 0.90. The fifty day moving average price for HBI is $8.2864 and a two-hundred day moving average price translates $6.36475 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for 2024-09-28. The net profit margin was -5.25% and return on equity was -30.87% for HBI. The company reported revenue of $937.1 million for the quarter, compared to $961.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.52 percent.
