An Insider Bought 34,292 Shares Of Hanesbrands Inc. (HBI)

As of Thursday close, Hanesbrands Inc.’s (NYSE:HBI) stock was down -$0.07, moving down -0.62 percent to $11.17. The average number of shares traded per day over the past five days has been 4,734,960 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 4,823,115, while in the previous 50 days, it was 5,694,112.

Since last month, HBI stock rose 9.62%. Shares of the company fell to $10.00 on 07/05/22, the lowest level in the past month. A 52-week high of $20.74 was reached on 01/05/22 after having rallying from a 52-week low of $9.58. Since the beginning of this year, HBI’s stock price has dropped by -33.19% or -$5.55, and marked a new high 3 times. However, the stock has declined by -46.14% since its 52-week high.

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Hanesbrands Inc. (HBI) last reported insider trading activity 162 days ago on Feb 24. Bratspies Stephen B, the Chief Executive Officer of the company, purchased of 34,292 shares for $14.63 on Feb 24. It resulted in a $501,569 investment by the insider. BEEBE CHERYL K added 6,250 shares at an average price of $15.61 on Feb 08. The insider now owns 20,765 shares following the transaction.

Valuation Metrics

Right now, Hanesbrands Inc. (HBI) has a P/E ratio of about 7.83. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 5.01, and the price-to-cash flow ratio of 39.06 may also be considered.

The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Tuesday January 24 2017, a $0.04 dividend increase was announced.

Financial Health

In the three months ended March 30, Hanesbrands Inc.’s quick ratio stood at 0.70, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 4.27, and the total debt-to-equity ratio was 4.47. On the profitability front, the trailing twelve-month gross margin is 38.40% percent. In the year ended March 30, operating margins totaled 11.30%. Based on annual data, HBI earned $2.65 billion in gross profit and brought in $6.8 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 68.50%.

In Hanesbrands Inc.’s quarter-end financial report for March 30, it reported total debt of $3.33 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HBI’s revenue rose 4.32% to $1.75 billion during the quarter, while net income inched up to $1.58 billion. While analysts expected Hanesbrands Inc. to report $0.28 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by 21.40%. During the quarter, the company generated $198.69 million in EBITDA. The liabilities of Hanesbrands Inc. were 6.08 billion at the end of its most recent quarter ended March 30, and its total debt was $3.86 billion. The value of shareholders’ equity is $348.78 million.

Technical Picture

This quick technical analysis looks at Hanesbrands Inc.’s (HBI) price momentum. With a historical volatility rate of 57.01%, the RSI 9-day stood at 54.42% on 04 August.

With respect to its five-day moving average, the current Hanesbrands Inc. price is down by -0.80% percent or -$0.09. At present, HBI shares trade +3.71% above its 20-day simple moving average and -27.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.96% below its SMA50 and -33.63% below its SMA200.

Stochastic coefficient K was 65.70% and Stochastic coefficient D was 64.41%, while ATR was 0.36. Given the Stochastic reading of 70.95% for the 14-day period, the RSI (14) reading has been calculated as 52.90%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.01.

Analyst Ratings

Hanesbrands Inc. downgraded its rating on Hanesbrands Inc. (NYSE: HBI) to an In-line in a note to investors on July 13, 2022. The analysts firm previously had an Outperform rating on the stock.Hanesbrands Inc. (HBI) has been rated Hold by analysts. According to 1 brokerage firm, HBI is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Hanesbrands Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $13.00, the current consensus forecast for the stock is $9.00 – $19.00. Based on these forecasts, analysts predict Hanesbrands Inc. (HBI) will achieve an average price target of $13.42.


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