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Things appear to be looking up for Hanesbrands Inc (HBI)

Hanesbrands Inc (NYSE: HBI) is 11.21% 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 $4.68 in the last trading session, with the day’s gains setting it 0.28%.

Currently trading at $4.96, the stock is 7.34% and -2.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.09 million and changing 5.98% at the moment leaves the stock 8.05% off its SMA200. HBI registered 18.94% gain for a year compared to 6-month gain of 17.54%.

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The stock witnessed a -1.98% loss in the last 1 month and extending the period to 3 months gives it a 7.83%, and is 11.71% 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 4.11% over the week and 4.68% over the month.

Hanesbrands Inc (HBI) has around 48000 employees, a market worth around $1.74B and $5.40B in sales. Fwd P/E is 7.74. Profit margin for the company is -0.42%. Distance from 52-week low is 40.11% and -15.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.57%).

with sales reaching $1.35B over the same period. The EPS is expected to grow by 664.33% this year, but quarterly earnings will post -5.40% year-over-year.

Hanesbrands Inc (HBI) Top Institutional Holders

The shares outstanding are 350.14M, and float is at 347.27M with Short Float at 15.27%.

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