On Monday, Hanesbrands Inc (NYSE: HBI) opened higher 4.60% from the last session, before settling in for the closing price of $6.95. Price fluctuations for HBI have ranged from $3.58 to $7.57 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales slided by -3.32%. Company’s average yearly earnings per share was noted 481.33% at the time writing. With a float of $347.07 million, this company’s outstanding shares have now reached $350.14 million.
The extent of productivity of a business whose workforce counts for 48000 workers is very important to gauge. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Apparel Manufacturing industry is another important factor to consider. The insider ownership of Hanesbrands Inc is 1.31%, while institutional ownership is 94.97%.
Hanesbrands Inc (HBI) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.02 earnings per share (EPS) for the quarter, coming under the agreed prediction (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 481.33% per share during the next fiscal year.
Hanesbrands Inc (NYSE: HBI) Trading Performance Indicators
Check out the current performance indicators for Hanesbrands Inc (HBI). In the past 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 0.52. Likewise, its price to free cash flow for the trailing twelve months is 5.16.
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)
The latest stats from [Hanesbrands Inc, HBI] show that its last 5-days average volume of 4.91 million was inferior to 7.84 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 32.01%. Additionally, its Average True Range was 0.24.
During the past 100 days, Hanesbrands Inc’s (HBI) raw stochastic average was set at 89.86%, which indicates a significant increase from 60.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.86% in the past 14 days, which was lower than the 52.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.82, while its 200-day Moving Average is $5.47. Now, the first resistance to watch is $7.42. This is followed by the second major resistance level at $7.58. The third major resistance level sits at $7.78. If the price goes on to break the first support level at $7.06, it is likely to go to the next support level at $6.86. The third support level lies at $6.70 if the price breaches the second support level.
Hanesbrands Inc (NYSE: HBI) Key Stats
There are currently 351,563K shares outstanding in the company with a market cap of 2.56 billion. Presently, the company’s annual sales total 5,637 M according to its annual income of -17,730 K. Last quarter, the company’s sales amounted to 995,390 K and its income totaled -298,380 K.
