Hanesbrands Inc (NYSE:HBI) has a beta value of 1.56 and has seen 1.09 million shares traded in the recent trading session. The company, currently valued at $2.03B, closed the recent trade at $5.78 per share which meant it gained $0.01 on the day or 0.09% during that session. The HBI stock price is -6.92% off its 52-week high price of $6.18 and 38.75% above the 52-week low of $3.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.28 million shares traded. The 3-month trading volume is 8.48 million shares.
The consensus among analysts is that Hanesbrands Inc (HBI) is Hold stock at the moment, with a recommendation rating of 3.25. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.14.
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Hanesbrands Inc (NYSE:HBI) trade information
Sporting 0.09% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HBI stock price touched $5.78 or saw a rise of 6.47%. Year-to-date, Hanesbrands Inc shares have moved 29.48%, while the 5-day performance has seen it change 7.74%. Over the past 30 days, the shares of Hanesbrands Inc (NYSE:HBI) have changed 14.58%. Short interest in the company has seen 50.31 million shares shorted with days to cover at 4.65.
Wall Street analysts have a consensus price target for the stock at $9.5, which means that the shares’ value could jump 39.16% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $12.0. In that case, then, we find that the latest price level in today’s session is -107.61% off the targeted high while a plunge would see the stock gain -21.11% from the levels at last check today.
Hanesbrands Inc (HBI) estimates and forecasts
Figures show that Hanesbrands Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 18.83% over the past 6 months, with this year growth rate of 666.67%, compared to -2.10% for the industry. Revenue growth from the last financial year stood is estimated to be -25.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of 1.14B for the current quarter. 5 have an estimated revenue figure of 1.04B for the next ending quarter. Year-ago sales stood 1.51B and 1.3B respectively for this quarter and the next, and analysts expect sales will shrink by -24.80% for the current quarter and -25.40% for the next.
Earnings growth for 2024 is a modest 514.72% while over the next 5 years, the company’s earnings are expected to decrease by -12.40%.
HBI Dividends
Hanesbrands Inc is expected to release its next earnings report 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Hanesbrands Inc (NYSE:HBI)’s Major holders
Insiders own 1.20% of the company shares, while shares held by institutions stand at 94.31% with a share float percentage of 95.45%. Investors are also buoyed by the number of investors in a company, with Hanesbrands Inc having a total of 529.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 55.26 million shares worth more than $320.49 million. As of 2024-03-31, BLACKROCK INC. held 15.7533% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 40.27 million shares as of 2024-03-31. The firm’s total holdings are worth over $233.54 million and represent 11.4795% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Pacer Small Cap U.S. Cash Cows 100 ETF and iShares Core S&P Smallcap ETF. As of Apr 30, 2024, the former fund manager holds about 9.86% shares in the company for having 34.66 shares of worth $200.17 million while later fund manager owns 22.78 shares of worth $131.54 million as of Jun 30, 2024, which makes it owner of about 6.48% of company’s outstanding stock.
