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Hanesbrands (NYSE:HBI) stock reached a significant milestone, hitting a 52-week low at 4.02 USD, down significantly from its 52-week high of 9.10 USD. This development marks a challenging period for the company, with InvestingPro data showing a steep 49.75% decline year-to-date and a current market capitalization of $1.45 billion. The 1-year change data reveals a decrease of 28.75%, highlighting the struggles faced by Hanesbrands in maintaining investor confidence. Despite these challenges, the company maintains a healthy current ratio of 1.55, indicating sufficient liquidity to meet short-term obligations. The apparel company’s performance has been under scrutiny as it navigates a competitive market and evolving consumer preferences. With earnings scheduled for August 7, investors will be closely monitoring Hanesbrands’ strategic initiatives and market conditions as they seek to reverse this downward trend. For deeper insights into Hanesbrands’ financial health and detailed analysis, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Hanesbrands Inc. reported its first-quarter 2025 earnings, which exceeded Wall Street expectations. The company posted an earnings per share (EPS) of $0.07, surpassing the forecasted $0.03, and achieved revenue of $760 million, slightly above the anticipated $757.47 million. Following these results, Barclays (LON:BARC) analyst Adrienne Yih raised the stock target to $6.00 from $5.00, maintaining an Equalweight rating. Yih noted an optimistic outlook from recent management meetings, highlighting confidence in Hanesbrands’ strategic direction and growth potential. Meanwhile, Citi analyst Kate McShane increased the stock price target to $5.50 from $4.50, keeping a Neutral rating. McShane pointed out the company’s strong first-quarter performance and its advantageous position due to a significant portion of manufacturing in the western hemisphere. Both analysts acknowledged the company’s adept handling of industry challenges, including tariffs. These developments indicate a generally positive sentiment among analysts regarding Hanesbrands’ future prospects.
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