With 6.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.42 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.27 whereas the lowest price it dropped to was $7.05. The 52-week range on HBI shows that it touched its highest point at $7.57 and its lowest point at $3.58 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.59.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HBI was down-trending over the past week, with a drop of -0.69%, but this was up by 0.28% over a month. Three-month performance surged to 38.65% while six-month performance rose 60.58%. The stock gained 60.94% in the past year, while it has gained 61.66% so far this year. A look at the trailing 12-month EPS for HBI yields -0.85 with Next year EPS estimates of 0.57. For the next quarter, that number is 0.12. This implies an EPS growth rate of 481.33% for this year and 63.31% for next year.
Float and Shares Shorts:
At present, 350.14 million HBI shares are outstanding with a float of 347.56 million shares on hand for trading. On 2024-10-15, short shares totaled 46.69 million, which was 1328.0 higher than short shares on 1726185600. In addition to Mr. Stephen B. Bratspies as the firm’s CEO & Director, Mr. Markland Scott Lewis serves as its CFO, Chief Accounting Officer & Senior VP.
Institutional Ownership:
Through their ownership of 0.92734003 of HBI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-29, HBI reported revenue of $995393000.0 and operating income of -$63129000.0. The EBITDA in the recently reported quarter was -$44611000.0 and diluted EPS was -$0.85.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HBI since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HBI analysts setting a high price target of 6.5 and a low target of 1.0, the average target price over the next 12 months is 5.0. Based on these targets, HBI could drop -9.85% to reach the target high and fall by -86.13% to reach the target low. Reaching the average price target will result in a decline of -30.65% from current levels.
Analysts have provided yearly estimates in a range of $0.35068 being high and $0.34298 being low. For HBI, this leads to a yearly average estimate of $0.3488. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.12.
