Last Week, Hanesbrands Inc. (HBI) Recorded A Gain Of $50.68


As of Wednesday close, Hanesbrands Inc.’s (NYSE:HBI) stock traded at $6.71. The average number of shares traded per day over the past five days has been 10,632,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.60 fall in that time frame. In the last twenty days, the average volume was 12,006,415, while in the previous 50 days, it was 10,108,958.

Since last month, HBI stock retreated -10.05%. Shares of the company fell to $6.40 on 11/09/22, the lowest level in the past month. A 52-week high of $17.81 was reached on 01/05/22 after having rallying from a 52-week low of $6.40. Since the beginning of this year, HBI’s stock price has dropped by -59.87% or -$10.01, and marked a new high 3 times. However, the stock has declined by -62.31% since its 52-week high.

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HBI stock investors should be aware that Hanesbrands Inc. (HBI) stock had its last reported insider trading activity 74 days ago on Sep 12. Preston Tracy M, the GC, Corp Sec and CCO of the company, purchased of 3,000 shares for $9.36 on Sep 12. It resulted in a $28,065 investment by the insider. Johnson James C added 2,000 shares at an average price of $9.11 on Sep 09. The insider now owns 26,913 shares following the transaction. On Sep 07, Director MOISON FRANCK J bought 6,470 shares at $8.59 apiece. The transaction was valued at $55,581.

Valuation Metrics

Right now, Hanesbrands Inc. (HBI) has a P/E ratio of about 6.72. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.37, the price-to-book (PB) ratio of 3.48.

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 June 29, Hanesbrands Inc.’s quick ratio stood at 0.70, while its current ratio was 1.70, 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 June 29 was 5.42, and the total debt-to-equity ratio was 5.78. On the profitability front, the trailing twelve-month gross margin is 37.00% percent. In the year ended June 29, operating margins totaled 9.40%. 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 48.90%.

In Hanesbrands Inc.’s quarter-end financial report for June 29, it reported total debt of $3.66 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HBI’s revenue fell -7.11% to $1.51 billion during the quarter, while net income inched up to $1.67 billion. While analysts expected Hanesbrands Inc. to report $0.32 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated $170.24 million in EBITDA. The liabilities of Hanesbrands Inc. were 6.42 billion at the end of its most recent quarter ended June 29, and its total debt was $4.13 billion. The value of shareholders’ equity is $348.95 million.

Technical Picture

This quick technical analysis looks at Hanesbrands Inc.’s (HBI) price momentum. With a historical volatility rate of 86.35%, the RSI 9-day stood at 41.83% on 23 November.

With respect to its five-day moving average, the current Hanesbrands Inc. price is down by -8.21% percent or -$0.60. At present, HBI shares trade -8.96% below its 20-day simple moving average and -35.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.78% below its SMA50 and -57.96% below its SMA200.

Stochastic coefficient K was 19.08% and Stochastic coefficient D was 22.84%, while ATR was 0.38. Given the Stochastic reading of 21.38% for the 14-day period, the RSI (14) reading has been calculated as 42.69%. As of today, the MACD Oscillator reading stands at -0.42, while the 14-day reading stands at -0.34.

Analyst Ratings

Hanesbrands Inc. downgraded its rating on Hanesbrands Inc. (NYSE: HBI) to a Neutral in a note to investors on November 10, 2022. The analysts firm previously had an Outperform rating on the stock.


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