Hanesbrands Inc (HBI)’s Market Momentum: Closing Strong at 4.76, Down -0.42

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As of close of business last night, Hanesbrands Inc’s stock clocked out at $4.76, down -0.42% from its previous closing price of $4.78. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 5.96 million shares were traded. HBI stock price reached its highest trading level at $4.83 during the session, while it also had its lowest trading level at $4.705.

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 8.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.32. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 11.03 whereas as Long-Term Debt/Eq ratio is at 10.54.

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 1673440000 and an Enterprise Value of 5213388288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 4.95. Its current Enterprise Value per Revenue stands at 0.965 whereas that against EBITDA is 10.613.

Stock Price History:

The Beta on a monthly basis for HBI is 1.59, which has changed by 0.050772667 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. 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 -2.42%, while the 200-Day Moving Average is calculated to be 4.30%.

Shares Statistics:

It appears that HBI traded 6.40M shares on average per day over the past three months and 6562120 shares per day over the past ten days. A total of 350.14M shares are outstanding, with a floating share count of 347.28M. Insiders hold about 1.22% of the company’s shares, while institutions hold 96.48% stake in the company. Shares short for HBI as of 1718323200 were 51643950 with a Short Ratio of 8.07, compared to 1715731200 on 53247446. Therefore, it implies a Short% of Shares Outstanding of 51643950 and a Short% of Float of 20.3.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 5.02.

Earnings Estimates

The current market rating for Hanesbrands Inc (HBI) reflects the collective analysis of 6.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.09, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.23, with high estimates of $0.27 and low estimates of $0.17.

Analysts are recommending an EPS of between $0.47 and $0.38 for the fiscal current year, implying an average EPS of $0.44. EPS for the following year is $0.65, with 7.0 analysts recommending between $0.74 and $0.55.

Revenue Estimates

For the next quarter, 6 analysts are estimating revenue of $1.5B. There is a high estimate of $1.54B for the next quarter, whereas the lowest estimate is $1.4B.

A total of 7 analysts have provided revenue estimates for HBI’s current fiscal year. The highest revenue estimate was $5.39B, while the lowest revenue estimate was $4.32B, resulting in an average revenue estimate of $5.17B. In the same quarter a year ago, actual revenue was $5.64BBased on 7 analysts’ estimates, the company’s revenue will be $5.24B in the next fiscal year. The high estimate is $5.6B and the low estimate is $4.2B.

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