Hanesbrands Inc (NYSE:HBI) price on current trading day, fall -3.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.71.
A look at the stock’s price movement, the level at last check in today’s session was $7.98, moving within a range at $7.68 and $7.92. The beta value (5-Year monthly) was 1.583. Turning to its 52-week performance, $9.10 and $4.06 were the 52-week high and 52-week low respectively. Overall, HBI moved -7.67% over the past month.
Hanesbrands Inc’s market cap currently stands at around $2.72 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 899.68M for the company’s revenue for the quarter, with a low and high estimate of 896.51M and 901.8M respectively. The average forecast suggests down to a -30.62% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.61B, representing a -35.94% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HBI is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 0 recommend HBI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HBI’s current price about -6.45% and -7.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.78, while 7-day volatility ratio is 4.15% and 3.70% in the 30-day chart. Further, Hanesbrands Inc (HBI) has a beta value of 1.71, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is -3.76% off recent price level in today’s trading while to achieve the yearly target high, it has to move -3.76%. Nonetheless, investors will most likely welcome a -3.76% jump to $8 which is the analysts’ median price.
If we refocus on Hanesbrands Inc (NYSE:HBI), historical trading data shows that trading volumes averaged 4.44 over the past 10 days and 5.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 351.78 million shares.
The 1.14% of Hanesbrands Inc’s shares are in the hands of company insiders while institutional holders own 97.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 42.19 million on 2025-01-15, giving us a short ratio of 7.99. The data shows that as of 2025-01-15 short interest in Hanesbrands Inc (HBI) stood at 1653.0000999999997 of shares outstanding, with shares short falling to 48.76 million registered in 2024-12-13. Current price change has pushed the stock -5.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HBI stock continues to rise going into the next quarter.
