As of close of business last night, Hanesbrands Inc’s stock clocked out at $5.12, down -0.19% from its previous closing price of $5.13. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 8538232 shares were traded.
Ratios:
To gain a deeper understanding of HBI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 8.96 whereas as Long-Term Debt/Eq ratio is at 8.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Credit Suisse on November 10, 2022, Downgraded its rating to Neutral and sets its target price to $7 from $10 previously.
On October 31, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Overweight and also lowered its target price recommendation from $13 to $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HBI now has a Market Capitalization of 1.80B and an Enterprise Value of 5.36B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 0.95 whereas that against EBITDA is 15.09.
Stock Price History:
Over the past 52 weeks, HBI has reached a high of $5.86, while it has fallen to a 52-week low of $3.54. The 50-Day Moving Average of the stock is 5.05, while the 200-Day Moving Average is calculated to be 4.58.
Shares Statistics:
It appears that HBI traded 9.31M shares on average per day over the past three months and 8.14M shares per day over the past ten days. A total of 350.14M shares are outstanding, with a floating share count of 346.76M. Insiders hold about 1.36% of the company’s shares, while institutions hold 86.79% stake in the company. Shares short for HBI as of Mar 15, 2024 were 49.02M with a Short Ratio of 5.27, compared to 34.81M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.94% and a Short% of Float of 19.27%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.02.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.1, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.1, with high estimates of $0.13 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.46 and $0.39 for the fiscal current year, implying an average EPS of $0.43. EPS for the following year is $0.64, with 7 analysts recommending between $0.84 and $0.5.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $1.19B. It ranges from a high estimate of $1.24B to a low estimate of $1.17B. As of the current estimate, Hanesbrands Inc’s year-ago sales were $1.36B, an estimated decrease of -12.90% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for HBI’s current fiscal year. The highest revenue estimate was $5.4B, while the lowest revenue estimate was $5.19B, resulting in an average revenue estimate of $5.33B. In the same quarter a year ago, actual revenue was $5.64B, down -5.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $5.45B in the next fiscal year. The high estimate is $5.59B and the low estimate is $4.99B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
