Hanesbrands Inc. [HBI] shares are up more than 11.94% this year and recently decreased -0.0% or -$0.01 to settle at $17.33. Analysts expect HBI to grow earnings at a 2.03% annual rate over the next 5 years. HBI has a short ratio of 6.43. This implies that the market is currently less bearish on the outlook for HBI.
On 15, October 2020, HanesBrands Sets Date for Third-Quarter 2020 Earnings Announcement and Investor Conference Call. According to news published on Yahoo Finance, HanesBrands (NYSE: HBI) today announced that it will host an internet audio webcast of its third-quarter 2020 investor conference call at 8:30 a.m. EST Thursday, November 5, 2020.
Analyst Birdseye View:
The most recent analyst activity for Hanesbrands Inc. [NYSE:HBI] stock was on July 15, 2020, when it was Upgrade with a Strong buy rating from Raymond James, which also raised its 12-month price target on the stock to $20. Before that, on July 31, 2020, Barclays Recapitulated an Overweight rating and elevated its amount target to $18. On July 15, 2020, BofA Securities Upgrade a Neutral rating and boosted its price target on this stock from $8.50 to $14. On July 14, 2020, Credit Suisse Upgrade an Outperform rating and increased its price target to $15. On April 01, 2020, Raymond James Initiated a Mkt perform rating. On February 10, 2020, B. Riley FBR Reiterated a Buy rating and boosted its amount target on this stock to $22. On January 02, 2020, Wells Fargo Downgrade an Underweight rating and boosted its target amount on this stock to $12. On December 13, 2019 BofA/Merrill Downgrade an Underperform rating and elevated its amount target to $13.
In the past 52 weeks of trading, this stock has oscillated between a low of $6.96 and a peak of $17.37. Right now, according to Wall Street analyst the average 12-month amount target is $15.71. At the most recent market close, shares of Hanesbrands Inc. [NYSE:HBI] were valued at $17.33. According to the average price forecast, investors can expect a potential return of 1.81%.
Hanesbrands Inc. [NYSE:HBI] most recently reported quarterly sales of 1.74 billion, which represented growth of -1.30%. This publicly-traded organization’s revenue is $110,586 per employee, while its income is $9,535 per employee. This company’s Gross Margin is currently 39.10%, its Operating Margin is 11.70%, its Pretax Margin is +9.76, and its Net Margin is +8.62. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 8.22, 54.44, 18.98 and 12.84 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 75.91 and the whole liability to whole assets at 52.98. It shows enduring liability to the whole principal at 70.43 and enduring liability to assets at 0.49 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.94 points at 1st support level, the second support level is making up to 16.55. But as of 1st resistance point, this stock is sitting at 17.55 and at 17.77 for 2nd resistance point.
Hanesbrands Inc. [HBI] reported its earnings at $0.6 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.07/share signifying the difference of 0.67 and 957.10% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.05 calling estimates for $0.14/share with the difference of -0.09 depicting the surprise of -64.30%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Hanesbrands Inc. [NYSE:HBI] is 2.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.19. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.78, it’s amount to book ratio is 4.35 and showing 12.02 of P/E (TTM) ratio.
The most recent insider trade was by ZIEGLER ANN ELIZABETH, Director, and it was the sale of 12947.0 shares on Aug 19. Upchurch W Howard Jr, the Group President, IW Americas, completed a sale of 93261.0 shares on Oct 22.