Hanesbrands Inc (NYSE: HBI) closed the day trading at $5.14 up 5.76% from the previous closing price of $4.86. In other words, the price has increased by $+0.28 from its previous closing price. On the day, 8719493 shares were traded. HBI stock price reached its highest trading level at $5.16 during the session, while it also had its lowest trading level at $4.92.
Ratios:
For a better understanding of HBI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.49. 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 4.29. Its current Enterprise Value per Revenue stands at 0.95 whereas that against EBITDA is 15.10.
Stock Price History:
Over the past 52 weeks, HBI has reached a high of $5.96, while it has fallen to a 52-week low of $3.54. The 50-Day Moving Average of the stock is 4.36, while the 200-Day Moving Average is calculated to be 4.43.
Shares Statistics:
Over the past 3-months, HBI traded about 7.97M shares per day on average, while over the past 10 days, HBI traded about 11.13M shares per day. A total of 350.14M shares are outstanding, with a floating share count of 347.49M. Insiders hold about 1.03% of the company’s shares, while institutions hold 87.08% stake in the company. Shares short for HBI as of Jan 31, 2024 were 35.86M with a Short Ratio of 4.50, compared to 40.03M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.25% and a Short% of Float of 13.09%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.02.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. 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 $0.61, with 6 analysts recommending between $0.74 and $0.5.
Revenue Estimates
6 analysts predict $1.19B in revenue for the current quarter. 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 7 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 $5.32B. In the same quarter a year ago, actual revenue was $5.64B, down -5.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $5.44B 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 2.10% from the average revenue estimate for this year.
