Hanesbrands Reports Q3 In Line With Expectations, Provides Encouraging Full-Year Guidance
HBI Stock | USD 8.45 0.09 1.05% |
Under 62% of all Hanesbrands' traders are looking to take a long position. The analysis of overall sentiment of trading Hanesbrands stock suggests that some investors are interested at this time. Hanesbrands' investing sentiment shows overall attitude of investors towards Hanesbrands.
Hanesbrands |
Clothing company Hanesbrands met Wall Streets revenue expectations in Q3 CY2024, but sales fell 2.5 percent year on year to 937.1 million. The company expects next quarters revenue to be around 900 million, close to analysts estimates. Its non-GAAP profit of 0.15 per share was 26 percent above analysts consensus estimates.
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Hanesbrands Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Hanesbrands can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Hanesbrands Fundamental Analysis
We analyze Hanesbrands' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hanesbrands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hanesbrands based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Revenue
Revenue Comparative Analysis
Hanesbrands is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Hanesbrands Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hanesbrands stock to make a market-neutral strategy. Peer analysis of Hanesbrands could also be used in its relative valuation, which is a method of valuing Hanesbrands by comparing valuation metrics with similar companies.
Peers
Hanesbrands Related Equities
COLM | Columbia Sportswear | 5.50 | ||||
LEVI | Levi Strauss | 4.84 | ||||
RL | Ralph Lauren | 3.70 | ||||
PVH | PVH Corp | 3.69 | ||||
VFC | VF | 3.50 | ||||
UAA | Under Armour | 2.94 | ||||
GIII | G III | 2.79 | ||||
KTB | Kontoor Brands | 2.60 | ||||
UA | Under Armour | 2.18 |
Complementary Tools for Hanesbrands Stock analysis
When running Hanesbrands' price analysis, check to measure Hanesbrands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanesbrands is operating at the current time. Most of Hanesbrands' value examination focuses on studying past and present price action to predict the probability of Hanesbrands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanesbrands' price. Additionally, you may evaluate how the addition of Hanesbrands to your portfolios can decrease your overall portfolio volatility.
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