Hanesbrands Inc (NYSE:HBI) currently has a daily average trading volume of 7.67M but it saw 5692250 shares traded in last market. With a market cap of 2.41B USD, the company’s current market price of $6.84 came falling about -3.39 while comparing to the previous closing price of $7.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.57 and as low as $3.58. In the recent trading on the day, stock has struck highest price mark of $6.83 while lowest mark touched by it was $7.07.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Credit Suisse which downgraded the stock as “Neutral” in its note to investors issued on November 10, 2022, recommending a price target of between $10 and $7 for it. Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Overweight” on October 31, 2022 while assigning a price target range of $13-$5.
Over the week, HBI’s stock price is moving -7.07% down while it is -0.44% when we observe its performance for the past one month. Year-to-date it is 53.36% up and over the past year, the stock is showing an upside performance of 57.97%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.02 beaten by the consensus estimate of 0.11 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0.12 while estimate for next year EPS is 0.34. In next quarter, company is expected to be making quarterly sales of $942.13M as analysts are expecting the sales for current fiscal year at $3.6B and seeing the company making $3.61B in sales next year. Moreover, analysts are in estimates of $1.02B for current-quarter revenue.
Currently, Hanesbrands Inc’s total number of outstanding shares is 350.14M. Company’s return on investment (ROI) stands at -8.51% and return on equity (ROE) at -66.22%. It has a 12.01 of forward P/E ratio. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 37.35 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is -2.34% on average.
