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After finishing at $5.77 in the prior trading day, Hanesbrands Inc (NYSE: HBI) closed at $6.05, up 4.85%. In other words, the price has increased by $4.85 from its previous closing price. On the day, 7.59 million shares were traded. HBI stock price reached its highest trading level at $6.06 during the session, while it also had its lowest trading level at $5.73.
Ratios:
Our goal is to gain a better understanding of HBI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.29. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 55.14 whereas as Long-Term Debt/Eq ratio is at 53.44.
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 2127694208 and an Enterprise Value of 5464926720. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 33.03. Its current Enterprise Value per Revenue stands at 0.995 whereas that against EBITDA is 10.185.
Stock Price History:
Over the past 52 weeks, HBI has reached a high of $6.18, while it has fallen to a 52-week low of $3.54. The 50-Day Moving Average of the stock is 15.52%, while the 200-Day Moving Average is calculated to be 27.40%.
Shares Statistics:
The stock has traded on average 8.48M shares per day over the past 3-months and 11792940 shares per day over the last 10 days, according to various share statistics. A total of 350.14M shares are outstanding, with a floating share count of 347.38M. Insiders hold about 1.22% of the company’s shares, while institutions hold 99.04% stake in the company. Shares short for HBI as of 1722384000 were 50306038 with a Short Ratio of 5.93, compared to 1719532800 on 49291329. Therefore, it implies a Short% of Shares Outstanding of 50306038 and a Short% of Float of 19.770001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.02.
