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Wednesday, March 22, 2023

Investors’ Patience Is Being Tested Right Now By Hanesbrands Inc. (NYSE: HBI)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hanesbrands Inc. (HBI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.35. The Hanesbrands Inc. has recorded 95,669 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HanesBrands Completes Refinancing of 2024 Maturities; Closes $900 Million Term Loan B Financing.

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Stocks Info

Hanesbrands Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Apparel Manufacturing industry. At the end of the last regular session, the stock closed at $5.35 and fluctuated between $5.62 as its day high and $5.34 as its day low. The current market capitalization of Hanesbrands Inc. is $1.88B. A total of 11.77 million shares were traded on the day, compared to an average of 12.20M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HBI has seen 18 BUY and 21 SELL insider trades, representing the acquisition of 1,184,951 and the disposition of 169,718 shares. Over the last 12 months, there were 33 BUYs and 26 SELLs from insiders. Insiders purchased 1,336,113 shares during that period but sold 193,641.

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, Bratspies Stephen B bought 30,000 shares at $8.65 per share on Sep 06. Company shares held by the Chief Executive Officer now total 123,754.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HBI in the last 3 months, the mean price target is $5.89 with high estimates of $7.00 and low estimates of $1.00. In terms of 52-week highs and lows, HBI has a high of $16.15 and a low of $5.26.

As of this writing, HBI has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.09. The company reported an EPS of $0.29 in the last quarter, which was 7.40% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.

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