Hanesbrands Inc (NYSE: HBI) kicked off on Tuesday, up 1.01% from the previous trading day, before settling in for the closing price of $7.90. Over the past 52 weeks, HBI has traded in a range of $3.58-$8.70.
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A company in the Consumer Cyclical sector has dropped its sales by -3.32% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 560.13%. With a float of $348.36 million, this company’s outstanding shares have now reached $350.14 million.
In an organization with 48000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 39.98%, operating margin of 10.49%, and the pretax margin is -1.92%.
Hanesbrands Inc (HBI) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Apparel Manufacturing Industry. The insider ownership of Hanesbrands Inc is 1.17%, while institutional ownership is 95.13%.
Hanesbrands Inc (HBI) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.06 earnings per share (EPS), lower than consensus estimate (set at 0.09) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 560.13% per share during the next fiscal year.
Hanesbrands Inc (NYSE: HBI) Trading Performance Indicators
Take a look at Hanesbrands Inc’s (HBI) current performance indicators. Last quarter, stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 6.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.54 in one year’s time.
Technical Analysis of Hanesbrands Inc (HBI)
Let’s dig in a bit further. During the last 5-days, its volume was 10.21 million. That was better than the volume of 7.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 58.19%. Additionally, its Average True Range was 0.38.
During the past 100 days, Hanesbrands Inc’s (HBI) raw stochastic average was set at 82.35%, which indicates a significant increase from 61.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.95% in the past 14 days, which was higher than the 57.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.07, while its 200-day Moving Average is $5.65. However, in the short run, Hanesbrands Inc’s stock first resistance to watch stands at $8.07. Second resistance stands at $8.15. The third major resistance level sits at $8.27. If the price goes on to break the first support level at $7.86, it is likely to go to the next support level at $7.74. The third support level lies at $7.65 if the price breaches the second support level.
Hanesbrands Inc (NYSE: HBI) Key Stats
The company with the Market Capitalisation of 2.81 billion has total of 352,496K Shares Outstanding. Its annual sales at the moment are 5,637 M in contrast with the sum of -17,730 K annual income. Company’s last quarter sales were recorded 937,100 K and last quarter income was 29,950 K.
