Hanesbrands Inc. (NYSE:HBI) has a beta value of 1.49 and has seen 7.02 million shares traded in the last trading session. The company, currently valued at $2.78B, closed the last trade at $8.02 per share which meant it lost -$0.24 on the day or -2.91% during that session. The HBI stock price is -108.85% off its 52-week high price of $16.75 and 29.55% above the 52-week low of $5.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.85 million shares traded. The 3-month trading volume is 10.06 million shares.
The consensus among analysts is that Hanesbrands Inc. (HBI) is a Hold stock at the moment, with a recommendation rating of 3.20. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 11 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.28.
Hanesbrands Inc. (NYSE:HBI) trade information
Sporting -2.91% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the HBI stock price touched $8.02 or saw a rise of 4.52%. Year-to-date, Hanesbrands Inc. shares have moved 26.10%, while the 5-day performance has seen it change -2.20%. Over the past 30 days, the shares of Hanesbrands Inc. (NYSE:HBI) have changed 37.33%. Short interest in the company has seen 41.42 million shares shorted with days to cover at 4.59.
Wall Street analysts have a consensus price target for the stock at $6.78, which means that the shares’ value could drop -18.29% from current levels. The projected low price target is $3.00 while the price target rests at a high of $8.00. In that case, then, we find that the current price level is 0.25% off the targeted high while a plunge would see the stock lose 62.59% from current levels.
Hanesbrands Inc. (HBI) estimates and forecasts
Figures show that Hanesbrands Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -28.14% over the past 6 months, with this year growth rate of -46.45%, compared to -4.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -47.20% and -50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.10%.
9 analysts offering their estimates for the company have set an average revenue estimate of $1.72 billion for the current quarter. 9 have an estimated revenue figure of $1.63 billion for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.00% over the past 5 years. Earnings growth for 2023 is a modest 832.70% while over the next 5 years, the company’s earnings are expected to decrease by -13.60%.
Hanesbrands Inc. is expected to release its next earnings report between February 01 and February 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.60 at a share yield of 7.48%. The company’s dividend yield has gone up over the past 12 months.
Hanesbrands Inc. (NYSE:HBI)’s Major holders
Insiders own 0.94% of the company shares, while shares held by institutions stand at 92.33% with a share float percentage of 93.21%. Investors are also buoyed by the number of investors in a company, with Hanesbrands Inc. having a total of 709 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 38.22 million shares worth more than $393.32 million. As of Jun 29, 2022, Blackrock Inc. held 10.95% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 33.86 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $348.38 million and represent 9.70% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Jun 29, 2022, the former fund manager holds about 2.94% shares in the company for having 10.27 million shares of worth $105.72 million while later fund manager owns 10.16 million shares of worth $70.72 million as of Sep 29, 2022, which makes it owner of about 2.91% of company’s outstanding stock.