Stocks of Hanesbrands Inc (NYSE:HBI) traded higher last session on Wall Street, down -1.75% to $5.06.
HBI stock price is now 3.79% away from the 50-day moving average and 10.95% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.
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With the price target reduced from $10 to $7, Credit Suisse Downgraded its rating from Outperform to Neutral for Hanesbrands Inc (NYSE: HBI). On October 31, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Underweight’ on the stock reducing its target price from $13 to quote $5, while ‘Evercore ISI’ rates the stock as ‘In-line’
A total of 1.22% of the company’s stock is owned by insiders.
During the past 12 months, Hanesbrands Inc has had a low of $3.54 and a high of $5.86. As of last week, the company has a debt-to-equity ratio of 11.03, a current ratio of 1.59, and a quick ratio of 0.62. The fifty day moving average price for HBI is $4.875 and a two-hundred day moving average price translates $4.5606 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for 2024-03-30. According to the Apparel Manufacturing Company, earnings per share came in at -0.01, beating analysts’ expectations of -0.02 by 0.01. This compares to -$0.10 EPS in the same period last year. The net profit margin was -0.42% and return on equity was -6.62% for HBI. The company reported revenue of $1.16 billion for the quarter, compared to $1.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.78 percent. For the current quarter, analysts expect HBI to generate $1.35B in revenue.
