Hanesbrands Inc (NYSE: HBI) is -44.96% lower on its value in year-to-date trading and has touched a low of $4.02 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 $4.34 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $4.48, the stock is -9.93% and -21.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.0 million and changing 3.23% at the moment leaves the stock -34.26% off its SMA200. HBI registered -5.29% loss for a year compared to 6-month loss of -40.03%. The firm has a 50-day simple moving average (SMA 50) of $5.695 and a 200-day simple moving average (SMA200) of $6.81505.
The stock witnessed a -25.83% gain in the last 1 month and extending the period to 3 months gives it a -46.22%, and is 1.36% 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 3.68% over the week and 6.95% over the month.
Hanesbrands Inc (HBI) has around 41000 employees, a market worth around $1.58B and $3.98B in sales. Fwd P/E is 7.38. Profit margin for the company is -6.47%. Distance from 52-week low is 11.44% and -50.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.61%).
with sales reaching $757.42M over the same period.The EPS is expected to grow by 28.80% this year, but quarterly earnings will post -0.36% year-over-year. Quarterly sales are estimated to shrink -34.49% in year-over-year returns.
Hanesbrands Inc (HBI) Top Institutional Holders
530.0 institutions hold shares in Hanesbrands Inc (HBI), with institutional investors hold 100.51% of the company’s shares. The shares outstanding are 352.54M, and float is at 347.04M with Short Float at 7.70%. Institutions hold 98.80% 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 15.3158% 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 11.493 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 35.34 million shares representing 10.0386% and valued at over $174.2 million, while LOEWS CORP holds 8.2951 of the shares totaling 29.2 million with a market value of $143.95 million.
Hanesbrands Inc (HBI) Insider Activity
The most recent transaction is an insider purchase by MORAN ROBERT F, the company’s Director. SEC filings show that MORAN ROBERT F bought 74,850 shares of the company’s common stock on Feb 18 ’25 at a price of $6.01 per share for a total of $0.45 million. Following the purchase, the insider now owns 0.22 million shares.
