The stock of Hanesbrands Inc. (NYSE:HBI) increased by $0.04 on Monday to finish at $5.00, up 0.81 percent. The last five days have seen an average of 5,822,180 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$1.36. The average number of shares traded over the last 20 days was 7,037,600, while the average volume over the last 50 days totaled 8,182,514.
HBI stock dropped -3.47% since last month. On 08/10/23, the company’s shares reached a one-month low of $4.84. The stock touched a high of $9.61 on 02/01/23, after rallying from a low of $3.85 in 52 weeks. The price of HBI stock has declined by -21.38% or -$1.36 this year, reaching a new high 9 times. Still, the stock price is down -47.97% from the 52-week high.
Insider Transactions
HBI stock investors should be aware that Hanesbrands Inc. (HBI) stock had its last reported insider trading activity 351 days ago on Sep 12. On Sep 12, GC, Corp Sec and CCO Preston Tracy M acquired 3,000 shares at $9.36 each. This transaction resulted in the insider spending $28,065. On Sep 09, Johnson James C added 2,000 shares at a price of US$9.11. After the transaction, the insider now owns 26,913 shares. Director MOISON FRANCK J had earlier bought 6,470 shares on Sep 07 for $8.59 a share. The transaction was completed for $55,581.
Valuation Metrics
Beta for the stock is 1.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 5.05, and the price-to-cash flow ratio of 16.71.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year.
Financial Health
For the three months ended June 29, Hanesbrands Inc.’s quick ratio was 0.60, while its current ratio was 1.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 10.07, and the total debt to equity ratio is 10.67. As far as profitability goes, gross margin for the trailing twelve months is 33.80% percent. Hanesbrands Inc.’s EBITDA margin for the year ended June 29 was 10.88%, whereas its operating margin stood at 5.50% for the same period. Based on annual data, it had gross profit of $2.22 billion and revenue of $6.23 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HBI’s return on assets (ROA) during the last 12 months has been -6.00%. There was a 0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -89.70%.
Earnings Surprise
According to Hanesbrands Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.44 billion, while revenues fell by -5.17% to $1.39 billion. It was predicted that Hanesbrands Inc.’s quarterly earnings would be -$0.01, but it ended up being -$0.02. EBITDA was $97.77 million for the quarter. At the end of Hanesbrands Inc.’s most recent quarter ended June 29, its liabilities totaled 5.93 billion, while its total debt was $4.18 billion. Equity owned by shareholders amounts to $349.89 million.
Technical Picture
Here’s a quick look at Hanesbrands Inc.’s (HBI) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 38.28%, suggesting the stock is Neutral, with a 20.91% historical volatility rate.
The stochastic %K and %D were 21.93% and 28.51% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 21.05%, the RSI (14) reading is 45.14%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.28.
Analyst Ratings
Hanesbrands Inc. (NYSE: HBI) was downgraded by Credit Suisse to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Hanesbrands Inc. (HBI) an Hold rating. HBI is a stock that is recommended for selling by 2 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is HBI’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $6.00, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Hanesbrands Inc. (HBI) is $4.82.
