With 8.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.11 million shares. The 52-week range on HBI shows that it touched its highest point at $9.10 and its lowest point at $4.16 during that stretch. It currently has a 1-year price target of $6.33. Beta for the stock currently stands at 1.71.
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 -17.66%, but this was down by -25.21% over a month. Three-month performance dropped to -21.42% while six-month performance fell -2.67%. The stock gained 42.86% in the past year, while it has lost -23.83% so far this year. A look at the trailing 12-month EPS for HBI yields -0.73 with Next year EPS estimates of 0.66. For the next quarter, that number is 0.02. This implies an EPS growth rate of 36.45% for this year and 20.58% for next year.
Float and Shares Shorts:
At present, 352.54 million HBI shares are outstanding with a float of 348.92 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.39897 being high and $0.38492 being low. For HBI, this leads to a yearly average estimate of $0.39477. Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.18. The average estimate for the next quarter is thus $0.2.
