Is Hanesbrands Inc (HBI) a good stock to buy now?

Hanesbrands Inc (NYSE: HBI) is 89.46% higher on its value in year-to-date trading and has touched a low of $3.58 and a high of $8.70 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 $8.54 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $8.45, the stock is 8.10% and 14.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.17 million and changing -1.05% at the moment leaves the stock 45.31% off its SMA200. HBI registered 124.14% gain for a year compared to 6-month gain of 76.78%. The firm has a 50-day simple moving average (SMA 50) of $7.3716 and a 200-day simple moving average (SMA200) of $5.7961.

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The stock witnessed a 21.58% loss in the last 1 month and extending the period to 3 months gives it a 27.07%, and is 2.30% 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 4.59% over the week and 5.08% over the month.

Hanesbrands Inc (HBI) has around 48000 employees, a market worth around $2.98B and $4.39B in sales. Fwd P/E is 15.75. Profit margin for the company is -5.25%. Distance from 52-week low is 136.03% and -2.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.41%).

with sales reaching $900.06M over the same period.The EPS is expected to grow by 560.13% this year, but quarterly earnings will post -35.93% year-over-year. Quarterly sales are estimated to shrink -30.60% in year-over-year returns.

Hanesbrands Inc (HBI) Top Institutional Holders

509.0 institutions hold shares in Hanesbrands Inc (HBI), with institutional investors hold 97.28% of the company’s shares. The shares outstanding are 350.14M, and float is at 348.27M with Short Float at 13.41%. Institutions hold 96.12% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 53.91 million shares valued at $265.78 million. The investor’s holdings represent 15.3338% of the HBI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 40.45 million shares valued at $199.44 million to account for 11.5066 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 35.34 million shares representing 10.0505% and valued at over $174.2 million, while LOEWS CORP holds 8.3048 of the shares totaling 29.2 million with a market value of $143.95 million.