Hanesbrands Inc (HBI) concluded trading on Wednesday at a closing price of $6.45, with 5.58 million shares of worth about $35.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.70% during that period and on September 04, 2024 the price saw a gain of about 1.74%. Currently the company’s common shares owned by public are about 350.14M shares, out of which, 347.48M shares are available for trading.
Stock saw a price change of -3.01% in past 5 days and over the past one month there was a price change of 21.70%. Year-to-date (YTD), HBI shares are showing a performance of 44.62% which increased to 22.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.54 but also hit the highest price of $6.77 during that period. The average intraday trading volume for Hanesbrands Inc shares is 8.68 million. The stock is currently trading 4.89% above its 20-day simple moving average (SMA20), while that difference is up 15.04% for SMA50 and it goes to 31.49% higher than SMA200.
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Hanesbrands Inc (NYSE: HBI) currently have 350.14M outstanding shares and institutions hold larger chunk of about 97.98% of that.
The stock has a current market capitalization of $2.27B and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$0.85 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 55.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HBI, volatility over the week remained 4.17% while standing at 4.72% over the month.
Stock’s fiscal year EPS is expected to rise by 484.31% while it is estimated to increase by 65.36% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on November 10, 2022 offering a Neutral rating for the stock and assigned a target price range of between $10 and $7 to it. Coverage by Wells Fargo stated Hanesbrands Inc (HBI) stock as an Underweight in their note to investors on October 31, 2022, suggesting a price target of $5 for the stock. On July 13, 2022, Evercore ISI Downgrade their recommendations, while on June 08, 2022, Barclays Downgrade their ratings for the stock with a price target of $13. Stock get a Hold rating from Stifel on May 06, 2022.
