Hanesbrands Inc (NYSE: HBI): A Competitive Analysis And Growth Prospects

In the last trading session, 9.74 million shares of the Hanesbrands Inc (NYSE:HBI) were traded, and its beta was 1.62. Most recently the company’s share price was $4.55, and it changed around -$0.1 or -2.15% from the last close, which brings the market valuation of the company to $1.60B. HBI currently trades at a discount to its 52-week high of $5.86, offering almost -28.79% off that amount. The share price’s 52-week low was $3.54, which indicates that the current value has risen by an impressive 22.2% since then. We note from Hanesbrands Inc’s average daily trading volume that its 3-month average coming to 9.54 million.

Hanesbrands Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.25. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 8 recommended HBI as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Hanesbrands Inc is expected to report earnings per share of $Pitney Bowes Inc. for the current quarter.

Hanesbrands Inc (NYSE:HBI) trade information

Instantly HBI has showed a red trend with a performance of -2.15% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 2.02% year-to-date, but still down -2.99% over the last five days. On the other hand, Hanesbrands Inc (NYSE:HBI) is -13.83% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 52.11% from its current value. Analyst projections state that HBI is forecast to be at a low of $7 and a high of $12.

Hanesbrands Inc (HBI) estimates and forecasts

Hanesbrands Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.48 percent over the past six months and at a 633.33% annual growth rate that is well above the industry average of 2.50%.

Hanesbrands Inc earnings are expected to increase by 620.32% in 2024, but the outlook is negative -12.40% per year for the next five years.