A new trading day began on November 20, 2023, with Hanesbrands Inc (NYSE: HBI) stock priced at $4.11, down -2.44% from the previous day of trading. During the day, the shares moved up to $4.11 and dropped to $3.925 before settling in for the closing price of $4.10. HBI’s price has ranged from $3.54 to $8.80 over the past 52 weeks.
During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -0.37%. Meanwhile, its annual earnings per share averaged -88.27%. With a float of $346.06 million, this company’s outstanding shares have now reached $349.01 million.
Let’s determine the extent of company efficiency that accounts for 51000 employees. In terms of profitability, gross margin is +35.46, operating margin of +9.17, and the pretax margin is +5.66.
Hanesbrands Inc (HBI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Apparel Manufacturing Industry. The insider ownership of Hanesbrands Inc is 1.14%, while institutional ownership is 87.43%.
Hanesbrands Inc (HBI) Earnings and Forecasts
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.1 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -2.10 while generating a return on equity of -23.83. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -88.27% per share during the next fiscal year.
Hanesbrands Inc (NYSE: HBI) Trading Performance Indicators
Here are Hanesbrands Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24. Likewise, its price to free cash flow for the trailing twelve months is 4.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.47, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.45 in one year’s time.
Technical Analysis of Hanesbrands Inc (HBI)
Looking closely at Hanesbrands Inc (NYSE: HBI), its last 5-days average volume was 9.0 million, which is a drop from its year-to-date volume of 9.34 million. As of the previous 9 days, the stock’s Stochastic %D was 43.37%. Additionally, its Average True Range was 0.23.
During the past 100 days, Hanesbrands Inc’s (HBI) raw stochastic average was set at 22.33%, which indicates a significant decrease from 31.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.46% in the past 14 days, which was higher than the 55.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.16, while its 200-day Moving Average is $4.74. However, in the short run, Hanesbrands Inc’s stock first resistance to watch stands at $4.10. Second resistance stands at $4.20. The third major resistance level sits at $4.28. If the price goes on to break the first support level at $3.91, it is likely to go to the next support level at $3.83. Should the price break the second support level, the third support level stands at $3.73.
Hanesbrands Inc (NYSE: HBI) Key Stats
With a market capitalization of 1.40 billion, the company has a total of 350,040K Shares Outstanding. Currently, annual sales are 6,234 M while annual income is -127,200 K. The company’s previous quarter sales were 1,511 M while its latest quarter income was -38,800 K.