Hanesbrands Inc (NYSE:HBI)’s traded shares stood at 4.76 million during the last session, with the company’s beta value hitting 1.58. At the close of trading, the stock’s price was $6.95, to imply an increase of 0.14% or $0.01 in intraday trading. The HBI share’s 52-week high remains $7.57, putting it -8.92% down since that peak but still an impressive 48.49% since price per share fell to its 52-week low of $3.58. The company has a valuation of $2.44B, with an average of 4.52 million shares in intraday trading volume over the past 10 days and average of 7.44 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Hanesbrands Inc (HBI), translating to a mean rating of 3.29. Of 5 analyst(s) looking at the stock, 1 analyst(s) give HBI a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.12.
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Hanesbrands Inc (NYSE:HBI) trade information
After registering a 0.14% upside in the last session, Hanesbrands Inc (HBI) has traded red over the past five days. The 5-day price performance for the stock is -7.21%, and -2.80% over 30 days. With these gigs, the year-to-date price performance is 55.83%. Short interest in Hanesbrands Inc (NYSE:HBI) saw shorts transact 47.35 million shares and set a 6.37 days time to cover.
The extremes give us $7 and $12 for target low and target high price respectively. As such, HBI has been trading -72.66% off suggested target high and -0.72% from its likely low.
Hanesbrands Inc (HBI) estimates and forecasts
Looking at statistics comparing Hanesbrands Inc share performance against respective industry, we note that the company has outperformed competitors. Hanesbrands Inc (HBI) shares are 55.13% up over the last 6 months, with its year-to-date growth rate higher than industry average at 466.67% against -1.10%. Revenue is forecast to grow 700.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will shrink -36.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 1.02B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 942.13M.Earnings reports from the last fiscal year show that sales brought in 1.51B and 1.3B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -32.80% before dropping -27.40% in the following quarter.
HBI Dividends
Hanesbrands Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 5.02%.
Hanesbrands Inc (NYSE:HBI)’s Major holders
Hanesbrands Inc insiders hold 1.20% of total outstanding shares, with institutional holders owning 92.68% of the shares at 93.80% float percentage. In total, 92.68% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 53.91 million shares (or 15.3338% of shares), all amounting to roughly $265.78 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 40.45 million shares, or about 11.5066% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $199.44 million.
We also have Pacer Small Cap U.S. Cash Cows 100 ETF and iShares Core S&P Smallcap ETF as the top two Mutual Funds with the largest holdings of the Hanesbrands Inc (HBI) shares. Going by data provided on Jul 31, 2024 , Pacer Small Cap U.S. Cash Cows 100 ETF holds roughly 35.04 shares. This is just over 9.96% of the total shares, with a market valuation of $243.5 million. Data from the same date shows that the other fund manager holds a little less at 22.41, or 6.37% of the shares, all valued at about 155.74 million.
