During the recent session, Hanesbrands Inc (NYSE:HBI)’s traded shares were 1.26 million, with the beta value of the company hitting 1.54. At the last check today, the stock’s price was $5.94, reflecting an intraday loss of -3.26% or -$0.2. The 52-week high for the HBI share is $6.18, that puts it down -4.04 from that peak though still a striking 40.4% gain since the share price plummeted to a 52-week low of $3.54. The company’s market capitalization is $2.09B, and the average intraday trading volume over the past 10 days was 13.83 million shares, and the average trade volume was 8.44 million shares over the past three months.
Hanesbrands Inc (HBI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.25. HBI has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.21.
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Hanesbrands Inc (NYSE:HBI) trade information
Hanesbrands Inc (HBI) registered a -3.26% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.26% in intraday trading to $5.94, hitting a weekly high. The stock’s 5-day price performance is 10.20%, and it has moved by 15.79% in 30 days. Based on these gigs, the overall price performance for the year is 11.44%. The short interest in Hanesbrands Inc (NYSE:HBI) is 51.88 million shares and it means that shorts have 7.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.5, which implies an increase of 37.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $12 respectively. As a result, HBI is trading at a discount of -102.02% off the target high and -17.85% off the low.
Hanesbrands Inc (HBI) estimates and forecasts
Statistics show that Hanesbrands Inc has outperformed its competitors in share price, compared to the industry in which it operates. Hanesbrands Inc (HBI) shares have gone up 30.26% during the last six months, with a year-to-date growth rate more than the industry average at 666.67% against -2.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 110.00% this quarter and then jump 366.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -13.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.38B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 1.22B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.51B and 1.3B respectively. In this case, analysts expect current quarter sales to shrink by -8.80% and then drop by -5.90% in the coming quarter.
While earnings are projected to return 587.67% in 2024, the next five years will return -12.40% per annum.
HBI Dividends
The average dividend yield of the company for the last 5 years is 5.02%.
Hanesbrands Inc (NYSE:HBI)’s Major holders
Hanesbrands Inc insiders own 1.20% of total outstanding shares while institutional holders control 94.75%, with the float percentage being 95.89%. BLACKROCK INC. is the largest shareholder of the company, while 532.0 institutions own stock in it. As of 2024-03-31, the company held over 55.26 million shares (or 15.7533% of all shares), a total value of $320.49 million in shares.
The next largest institutional holding, with 40.27 million shares, is of VANGUARD GROUP INC’s that is approximately 11.4795% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $233.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of Hanesbrands Inc (HBI) shares are Pacer Small Cap U.S. Cash Cows 100 ETF and iShares Core S&P Smallcap ETF. Data provided on Apr 30, 2024 indicates that Pacer Small Cap U.S. Cash Cows 100 ETF owns about 34.66 shares. This amounts to just over 9.86 percent of the company’s overall shares, with a $206.24 million market value. The same data shows that the other fund manager holds slightly less at 22.78, or about 6.48% of the stock, which is worth about $135.52 million.
