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Check out this: Hanesbrands Inc (HBI) could be on the verge of a big rally

Hanesbrands Inc (NYSE: HBI) is 28.70% higher on its value in year-to-date trading and has touched a low of $3.54 and a high of $5.86 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 $5.80 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $5.74, the stock is 5.41% and 16.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.48 million and changing -1.03% at the moment leaves the stock 25.73% off its SMA200. HBI registered 14.12% gain for a year compared to 6-month gain of 59.44%. The firm has a 50-day simple moving average (SMA 50) of $0.99 and a 200-day simple moving average (SMA200) of $15.76.

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The stock witnessed a 6.30% loss in the last 1 month and extending the period to 3 months gives it a 29.28%, and is 12.11% up 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 3.32% over the week and 4.03% over the month.

Hanesbrands Inc (HBI) has around 48000 employees, a market worth around $2.02B and $5.64B in sales. Fwd P/E is 9.41. Profit margin for the company is -0.31%. Distance from 52-week low is 62.15% and -2.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.44%).

Hanesbrands Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $1.19B over the same period.The EPS is expected to grow by 620.60% this year, but quarterly earnings will post -5.40% year-over-year. Quarterly sales are estimated to shrink -12.90% in year-over-year returns.

Hanesbrands Inc (HBI) Top Institutional Holders

526 institutions hold shares in Hanesbrands Inc (HBI), with institutional investors hold 90.24% of the company’s shares. The shares outstanding are 350.14M, and float is at 346.76M with Short Float at 14.14%. Institutions hold 89.48% 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.

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