Hanesbrands (NYSE:HBI – Get Free Report) posted its quarterly earnings data on Thursday. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03, Zacks reports. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. Hanesbrands updated its FY 2025 guidance to 0.510-0.550 EPS and its Q1 2025 guidance to 0.020-0.020 EPS.
Hanesbrands Stock Down 3.4 %
NYSE:HBI traded down $0.22 on Friday, hitting $6.04. 2,963,147 shares of the company’s stock were exchanged, compared to its average volume of 5,920,674. The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $7.45. The company has a debt-to-equity ratio of 21.50, a current ratio of 1.49 and a quick ratio of 0.90. Hanesbrands has a 52 week low of $4.06 and a 52 week high of $9.10. The company has a market cap of $2.13 billion, a P/E ratio of -9.15 and a beta of 1.63.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. UBS Group raised shares of Hanesbrands from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Barclays boosted their price objective on shares of Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.90.
About Hanesbrands
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.
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