On Monday, Hanesbrands Inc (NYSE: HBI) was -4.14% drop from the session before settling in for the closing price of $7.49. A 52-week range for HBI has been $3.58 – $7.57.
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Annual sales at Consumer Cyclical sector company slipped by -3.32% over the past five years. When this article was written, the company’s average yearly earnings per share was at 481.17%. With a float of $347.40 million, this company’s outstanding shares have now reached $350.14 million.
Let’s look at the performance matrix of the company that is accounted for 48000 employees. In terms of profitability, gross margin is 36.96%, operating margin of 8.53%, and the pretax margin is -2.92%.
Hanesbrands Inc (HBI) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Hanesbrands Inc stocks. The insider ownership of Hanesbrands Inc is 1.22%, while institutional ownership is 95.03%.
Hanesbrands Inc (HBI) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.02 earnings per share (EPS) during the time that was less than consensus figure (set at 0.11) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 481.17% per share during the next fiscal year.
Hanesbrands Inc (NYSE: HBI) Trading Performance Indicators
You can see what Hanesbrands Inc (HBI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.51. Likewise, its price to free cash flow for the trailing twelve months is 5.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.85, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.57 in one year’s time.
Technical Analysis of Hanesbrands Inc (HBI)
Hanesbrands Inc (NYSE: HBI) saw its 5-day average volume 4.34 million, a negative change from its year-to-date volume of 7.91 million. As of the previous 9 days, the stock’s Stochastic %D was 61.78%. Additionally, its Average True Range was 0.24.
During the past 100 days, Hanesbrands Inc’s (HBI) raw stochastic average was set at 86.82%, which indicates a significant increase from 46.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.54% in the past 14 days, which was lower than the 52.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.73, while its 200-day Moving Average is $5.40. Nevertheless, the first resistance level for the watch stands at $7.39 in the near term. At $7.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.74. If the price goes on to break the first support level at $7.04, it is likely to go to the next support level at $6.91. Assuming the price breaks the second support level, the third support level stands at $6.69.
Hanesbrands Inc (NYSE: HBI) Key Stats
There are 351,563K outstanding shares of the company, which has a market capitalization of 2.53 billion. As of now, sales total 5,637 M while income totals -17,730 K. Its latest quarter income was 995,390 K while its last quarter net income were -298,380 K.
