Hanesbrands Inc (HBI) concluded trading on Thursday at a closing price of $8.60, with 5.82 million shares of worth about $50.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.45% during that period and on January 23, 2025 the price saw a gain of about 2.26%. Currently the company’s common shares owned by public are about 351.78M shares, out of which, 348.27M shares are available for trading.
Stock saw a price change of 0.70% in past 5 days and over the past one month there was a price change of 6.17%. Year-to-date (YTD), HBI shares are showing a performance of 5.65% which increased to 108.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.06 but also hit the highest price of $9.10 during that period. The average intraday trading volume for Hanesbrands Inc shares is 5.77 million. The stock is currently trading 3.53% above its 20-day simple moving average (SMA20), while that difference is up 2.84% for SMA50 and it goes to 33.73% higher than SMA200.
Hanesbrands Inc (NYSE: HBI) currently have 351.78M outstanding shares and institutions hold larger chunk of about 97.86% of that.
The stock has a current market capitalization of $3.03B and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.66 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 23.93. 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 3.16% while standing at 3.39% over the month.
Analysts are in expectations that Hanesbrands Inc (HBI) stock would likely to be making an EPS of 0.14 in the current quarter, while forecast for next quarter EPS is 0.04 and it is 0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.14 which is 0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 559.04% while it is estimated to increase by 33.69% 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 UBS on November 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $9 and $11 to it. Coverage by Credit Suisse stated Hanesbrands Inc (HBI) stock as a Neutral in their note to investors on November 10, 2022, suggesting a price target of $7 for the stock. Stock get an Equal weight rating from Barclays on June 08, 2022.
