The Hanesbrands Inc. (NYSE:HBI) is going up by 0.48% in today’s trading session, a rise equivalent to 0.07% of the stock’s price from yesterday’s market close. A news came out on 08/07/19 stating that Hanes Encourages Men To Love The Skin They’re In With New ‘Every Bod’ Campaign by WSJ. The lowest point that the shares touched during the trading session was $14.29, while the peak of the day was recorded at a share price of $14.865. HBI finished the previous session at $14.54 according to the data provided by Barchart, while the trading volume was observed to be $5,173,195.
In the 100 days of trading, HBI managed to top a 16.87% Moving average. Additionally, Hanesbrands Inc. shares have achieved a 52-week range between 11.57 and 19.38 alongside 100 days raw stochastic set at 6.86%.
The number of shares outstanding, according to the fundamentals of the company, is set at 359.62M, equal to the value of $5.23B in market capitalization. Financial analysts indicate that HBI shares should be still ranked as a “Hold”. In the last 30 days, Hanesbrands Inc. shares went down by -14.43%, adding 17.08 to growth in value, on top of a +2.31% boost since 07/12/19.
Hanesbrands Inc. (NYSE:HBI) Analyst’s Estimates
Hanesbrands Inc. (HBI) could record at least $0.54 per share in quarterly earnings in the upcoming report on 10/21/2019, a number that would actually represent an increase of 1.26% YOY.
According to the average analyst rating, Hanesbrands Inc. would be rated as 2.58. Out of 12 different analysts monitoring HBI stock, 1 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 3 indicate that HBI is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jan-11-19, the stock earned a Downgrade rating due to a new analyst call from Deutsche Bank, while analysts from Standpoint Research believe that the stock is set at Buy, as concluded on Oct-23-18. Stifel, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-23-18.
Regardless of the rating, BofA/Merrill did increase their price to $21 as they are considering target share price analysis. Macquarie, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-02-18, giving the stock a Neutral rating.
HBI Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +39.75% has been attained, while the operating margin has been recorded at +14.07%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 7.82%. Beta value of the stock is recorded at 1.11. Additionally, Hanesbrands Inc. is recording price volatility of 3.27% for the period of the last seven days and 3.52% in the last 30 days.
Hanesbrands Inc. (NYSE:HBI) Technical Outlook
For the period of the last 50 days, Hanesbrands Inc. had its Raw Stochastic average set at 9.71% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 12.31%. Stochastic %K for Hanesbrands Inc., with the last 20 days included, was set at 15.12%, having Stochastic %D topping 17.42%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Hanesbrands Inc. stocks with recording -22.58% in metrics.
Hanesbrands Inc. Insider Watch:
As far as the position of shares issued by Hanesbrands Inc. (NYSE:HBI) for the period concluded at the market close of 08/12/19, 278 institutional investors increased their positions in HBI shares by 41,648,658, 272 decreased positions by 50,288,465 and 92 institutional investors decided to hold positions at 240,499,167. These numbers put the complete list of institutional holdings set at 332,436,290 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 60 institutional investments with 19,056,551 new shares in addition to having 68 institutional investors selling their positions in 7,675,400 shares.