What is the Price Targets for Hanesbrands Inc. (HBI)?

Hanesbrands Inc. (NYSE:HBI) saw a downside of -0.23% to close Monday at $17.43 after subtracting -$0.04 on the day. The 5-day average trading volume is 5,957,780 shares of the company’s common stock. It has gained $19.21 in the past week. An average of 4,438,905 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,126,342.

HBI’s 1-month performance is -9.97% or -$1.63 on its low of $17.15 reached on 09/30/21. The company’s shares have touched a 52-week low of $12.28 and high of $22.82, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, HBI has achieved 19.55% or $2.85. However, the current price is down -23.60%% from the 52-week high price.

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Insider Transactions

On Apr 06, 182 days have gone by since the last insider trading activity for Hanesbrands Inc. (HBI). Upchurch W Howard Jr (Group President, IW Americas) most recently sold 90,739 shares at $20.01 per share on Apr 06. This transaction cost the insider $1,815,579. Chief Admin Ofcr, GC&Corp Sec, JOHNSON JOIA M, sold 50,000 shares at a price of $20.54 on Mar 08. Then, on Mar 02, Group President, IW Americas Upchurch W Howard Jr sold 8,052 shares at a price of $18.32 per share. This transaction amounted to $147,526.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 921.50 and a low of 4.885. HBI stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.87 while the price-to-book (PB) in the most recent quarter is 10.89, with the price to cash flow ratio at 13.69.

Hanesbrands Inc. pays an annual dividend of $0.60 per share. Its dividend yield is 3.44%. HBI’s most recent quarterly dividend payment was made on Aug. 31, when it paid $0.15 a share compared with prior rate of $0.15, down 0.0% from last year’s. The company has boosted its dividend for the last 8 consecutive years with the latest dividend increase of $0.04 reported on Tuesday January 24 2017.

It is projected that Hanesbrands Inc.’s next ex-dividend date will be on 11-Nov. HBI is expected to distribute $0.15 as its next dividend.

Hanesbrands Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.60 meaning that HBI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.49, while the total debt to equity was 6.55. In terms of profitability, the gross margin trailing 12 months is 39.20%The trailing 12-month EBITDA margin is 14.27% while for the period ending June 29; Hanesbrands Inc.’s operating margin was 2.00%. The firm’s gross profit as reported stood at $1.85 billion against revenue of $6.66 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 0.72% to $1.75 billion, while revenue of $1.51 billion was 13.89% off the previous quarter. Analysts expected HBI to announce $0.39 per share in earnings in its latest quarter, but it posted $0.47, representing a 20.50% surprise. EBITDA for the quarter stood at more than $247.5 million. HBI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.72 billion, with total debt at $4.11 billion. Shareholders hold equity totaling $349.15 million

Technical Picture

Let’s look briefly at Hanesbrands Inc. (HBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 31.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.94%.

The stock’s 5-day moving average is $17.91, reflecting a -7.09% or -$1.33 change from its current price. HBI is currently trading -8.55% above its 20-day SMA, -7.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.38% and +24.77% respectively.

Stochastic %K and %D was 8.33% and 14.77% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 35.93%, while the 14-day stochastic is at 11.48% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.88 and -1.13 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hanesbrands Inc. (NYSE: HBI), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for HBI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate HBI as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.

What is HBI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $27.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for Hanesbrands Inc. (HBI) stock is $22.64.


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