There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Hanesbrands Inc. (HBI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.50%, to $8.12. The Hanesbrands Inc. has recorded 48,491 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that HanesBrands Provides Details for Fourth-Quarter 2022 Earnings Announcement and Investor Conference Call.
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As a NYSE listed company, HBI falls under the Consumer Cyclical sector while operating within the Apparel Manufacturing industry segment. At the end of the last regular session, the stock closed at $8.08 and fluctuated between $8.18 as its day high and $7.92 as its day low. The current market capitalization of Hanesbrands Inc. is $2.74B. A total of 7.57 million shares were traded on the day, compared to an average of 10.02M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HBI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 8 SELLs from insiders. Insiders purchased 191,704 shares during that period but sold 36,984.
In the most recent transaction, Preston Tracy M bought 3,000 shares of HBI for 9.36 per share on Sep 12. After the transaction, the GC, Corp Sec and CCO now owns 3,000 company shares. In a previous transaction on Sep 09, Johnson James C bought 2,000 shares at 9.11 per share. HBI shares that Director owns now total 26,913.
Among the insiders who bought shares, MOISON FRANCK J acquired of 6,470 shares on Sep 07 at a per-share price of $8.59. This resulted in the Director holding 49,187 shares of HBI after the transaction. In another insider transaction, GRIFFIN BOBBY J bought 2,000 shares at $8.40 per share on Sep 06. Company shares held by the Director now total 11,515.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hanesbrands Inc. pays an annual dividend of $0.60, resulting in a dividend yield of 7.43%, and it has a price to earnings (P/E) ratio of 8.10. HBI’s most recent ex-dividend date was 11/21/2022 when it declared a $0.15 quarterly dividend that was paid in cash on 12/13/2022. Previously, the company paid the dividend on 9/14/2022 with an ex-dividend date of 8/23/2022. The HBI stock dividend was $0.15 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HBI in the last 3 months, the mean price target is $6.78 with high estimates of $8.00 and low estimates of $3.00. In terms of 52-week highs and lows, HBI has a high of $16.75 and a low of $5.65.
As of this writing, HBI has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.2. The company reported an EPS of $0.34 in the last quarter, which was 21.40% higher than expectations of $0.28.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HBI is Hold with a score of 2.67. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.