In today’s recent session, 2.92 million shares of the Hanesbrands Inc (NYSE:HBI) have been traded, and its beta is 1.72. Most recently the company’s share price was $7.45, and it changed around -$0.08 or -1.00% from the last close, which brings the market valuation of the company to $2.63B. HBI at last check was trading at a discount to its 52-week high of $9.10, offering almost -22.15% off that amount. The share price’s 52-week low was $4.06, which indicates that the recent value has risen by an impressive 45.5% since then. We note from Hanesbrands Inc’s average daily trading volume that its 10-day average is 5.2 million shares, with the 3-month average coming to 5.31 million.
Hanesbrands Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.14. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended HBI as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Hanesbrands Inc is expected to report earnings per share of 0.14 for the current quarter.
Hanesbrands Inc (NYSE:HBI) trade information
Instantly HBI has been showing red trend so far today with a performance of -1.00% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.49 on recent trading dayincreased the stock’s daily price by 12.25%. The company’s shares are currently down -8.42% year-to-date, but still down -7.28% over the last five days. On the other hand, Hanesbrands Inc (NYSE:HBI) is -9.09% down in the 30-day period. We can see from the shorts that 38.33 million shares have been sold at a short interest cover period of 8.62 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 6.87% from its current value. Analyst projections state that HBI is forecast to be at a low of $8 and a high of $8.
Hanesbrands Inc (HBI) estimates and forecasts
The year-over-year growth rate is expected to be -35.94%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 899.68M in revenue for the current quarter. 2 analysts expect Hanesbrands Inc to make 785.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.3B and 1.16B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -30.62%. Forecasts for the next quarter put sales growth at -32.08%.
Hanesbrands Inc earnings are expected to increase by 557.95% in 2025, but the outlook is positive 118.23% per year for the next five years.
HBI Dividends
Hanesbrands Inc’s next quarterly earnings report is expected to be released in March. The average dividend yield for the past five years averaged 5.02 per year.
Hanesbrands Inc (NYSE:HBI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.54% of Hanesbrands Inc shares, and 97.33% of them are in the hands of institutional investors. The stock currently has a share float of 98.86%. Hanesbrands Inc stock is held by 515.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.3338% of the shares, which is about 53.91 million shares worth $265.78 million.
VANGUARD GROUP INC, with 11.5066% or 40.45 million shares worth $199.44 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Pacer Small Cap U.S. Cash Cows 100 ETF and iShares Core S&P Smallcap ETF were the top two Mutual Funds as of Oct 31, 2024. The former held 25.46 shares worth $190.85 million, making up 7.22% of all outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held roughly 22.75 shares worth around $170.51 million, which represents about 6.45% of the total shares outstanding.
