Currently, there are 349.01M common shares owned by the public and among those 346.20M shares have been available to trade.
Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 89,860 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 31,036 shares.
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The company’s stock has a 5-day price change of 9.71% and 21.50% over the past three months. HBI shares are trading 8.97% year to date (YTD), with the 12-month market performance down to -15.03% lower. It has a 12-month low price of $3.54 and touched a high of $5.96 over the same period. HBI has an average intraday trading volume of 1.20 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.97%, 15.63%, and 9.60% respectively.
Institutional ownership of Hanesbrands Inc (NYSE: HBI) shares accounts for 86.06% of the company’s 349.01M shares outstanding.
It has a market capitalization of $1.70B and a beta (3y monthly) value of 1.54. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.88% over the week and 4.27% over the month.
Analysts forecast that Hanesbrands Inc (HBI) will achieve an EPS of $0.09 for the current quarter, $0.06 for the next quarter and $0.48 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -88.16%, and 290.52% over the next financial year.
Looking at the support for the HBI, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on November 10, 2022, with the firm’s price target at $10-$7.
