Hanesbrands Inc (HBI) up 3.14% since start of the year

Hanesbrands Inc (NYSE: HBI) is 3.14% higher on its value in year-to-date trading and has touched a low of $3.54 and a high of $5.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HBI stock was last observed hovering at around $4.56 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $4.60, the stock is 5.53% and 9.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.25 million and changing 0.88% at the moment leaves the stock 3.71% off its SMA200. HBI registered -21.90% loss for a year compared to 6-month loss of -12.71%. The firm has a 50-day simple moving average (SMA 50) of $0.94 and a 200-day simple moving average (SMA200) of $16.78.

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The stock witnessed a 8.75% gain in the last 1 month and extending the period to 3 months gives it a 9.00%, and is -3.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.98% over the week and 4.17% over the month.

Hanesbrands Inc (HBI) has around Nov 21 2022 employees, a market worth around $1.61B and $5.81B in sales. Fwd P/E is 10.15. Profit margin for the company is -8.84%. Distance from 52-week low is 29.94% and -23.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.07%).

Hanesbrands Inc quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $1.36B over the same period.The EPS is expected to shrink by -88.16% this year, but quarterly earnings will post -8.50% year-over-year. Quarterly sales are estimated to shrink -7.60% in year-over-year returns.

Hanesbrands Inc (HBI) Top Institutional Holders

518 institutions hold shares in Hanesbrands Inc (HBI), with institutional investors hold 89.31% of the company’s shares. The shares outstanding are 349.01M, and float is at 345.44M with Short Float at 10.38%. Institutions hold 88.39% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 55.66 million shares valued at $252.69 million. The investor’s holdings represent 15.91% of the HBI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 38.49 million shares valued at $174.75 million to account for 11.00% of the shares outstanding. The other top investors are Cooke & Bieler LP which holds 23.73 million shares representing 6.78% and valued at over $107.73 million, while State Street Corporation holds 3.82% of the shares totaling 13.37 million with a market value of $60.68 million.

Hanesbrands Inc (HBI) Insider Activity

A total of 1 insider transactions have happened at Hanesbrands Inc (HBI) in the last six months, with sales accounting for 1 and purchases happening 0 times.

Hanesbrands Inc (HBI): Who are the competitors?

The company’s main competitors (and peers) include Berkshire Hathaway Inc. Cl A (BRK.A) that is trading 25.73% up over the past 12 months. Berkshire Hathaway Inc. Cl B (BRK.B) that is 26.97% higher over the same period.