Hanesbrands Inc (NYSE: HBI) is -2.95% lower on its value in year-to-date trading and has touched a low of $4.06 and a high of $9.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HBI stock was last observed hovering at around $8.12 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $7.90, the stock is -4.97% and -5.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing -2.71% at the moment leaves the stock 20.68% off its SMA200. HBI registered 75.56% gain for a year compared to 6-month gain of 37.63%. The firm has a 50-day simple moving average (SMA 50) of $8.3994 and a 200-day simple moving average (SMA200) of $6.53005.
The stock witnessed a -2.95% loss in the last 1 month and extending the period to 3 months gives it a 10.34%, and is -5.73% 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 4.28% over the week and 3.56% over the month.
Hanesbrands Inc (HBI) has around 48000 employees, a market worth around $2.78B and $4.39B in sales. Fwd P/E is 15.16. Profit margin for the company is -5.25%. Distance from 52-week low is 94.37% and -13.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.41%).
with sales reaching $899.68M over the same period.The EPS is expected to grow by 557.95% this year, but quarterly earnings will post -35.94% year-over-year. Quarterly sales are estimated to shrink -30.62% in year-over-year returns.
Hanesbrands Inc (HBI) Top Institutional Holders
508.0 institutions hold shares in Hanesbrands Inc (HBI), with institutional investors hold 97.19% of the company’s shares. The shares outstanding are 351.78M, and float is at 348.27M with Short Float at 12.11%. Institutions hold 96.07% 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.
Hanesbrands Inc (HBI) Insider Activity
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