In Wednesday’s Wall Street session, Hanesbrands Inc (NYSE:HBI) shares traded at $6.20, up 1.47% from the previous session.
HBI stock price is now -23.27% away from the 50-day moving average and -7.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.19B.
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With the price target enhanced from $9 to $11, UBS Upgraded its rating from Neutral to Buy for Hanesbrands Inc (NYSE: HBI). On November 10, 2022, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $10 to quote $7, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, MORAN ROBERT F, Director bought 74,850 shares of the company’s stock on Feb 18 ’25. The stock was bought for $449,899 at an average price of $6.01. Upon completion of the transaction, the Director now directly owns 216,373 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer VANESSA LEFEBVRE-ROBINSON bought 276,394 shares of the business’s stock. A total of $2,196,503 was incurred on buying the stock at an average price of $7.95. A total of 1.19% of the company’s stock is owned by insiders.
During the past 12 months, Hanesbrands Inc has had a low of $4.16 and a high of $9.10. As of last week, the company has a debt-to-equity ratio of 72.23, a current ratio of 1.37, and a quick ratio of 0.68.
The net profit margin was -6.47% and return on equity was -43.06% for HBI. The company reported revenue of $888.47 million for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -60.53 percent.
