As of Thursday close, Hanesbrands Inc.’s (NYSE:HBI) stock was up $0.21, moving up 4.17 percent to $5.25. The average number of shares traded per day over the past five days has been 5,475,820 shares. 2 times new highs have been achieved over the past 5 days, with a $0.19 gain in that time frame. In the last twenty days, the average volume was 6,748,075, while in the previous 50 days, it was 8,027,408.
Since last month, HBI stock rose 2.74%. Shares of the company fell to $4.84 on 08/10/23, the lowest level in the past month. A 52-week high of $9.48 was reached on 02/01/23 after having rallying from a 52-week low of $3.85. Since the beginning of this year, HBI’s stock price has dropped by -17.45% or -$1.11, and marked a new high 9 times. However, the stock has declined by -44.59% since its 52-week high.
HBI stock investors should be aware that Hanesbrands Inc. (HBI) stock had its last reported insider trading activity 354 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
The stock’s beta is 1.65. Besides these, the trailing price-to-sales (P/S) ratio of 0.31, the price-to-book (PB) ratio of 5.30, and the price-to-cash flow ratio of 17.55 may also be considered.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15.
Financial Health
In the three months ended June 29, Hanesbrands Inc.’s quick ratio stood at 0.60, 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 10.07, and the total debt-to-equity ratio was 10.67. On the profitability front, the trailing twelve-month gross margin is 33.80% percent. In the year ended June 29, EBITDA margin amounted to 10.88%, whereas operating margins totaled 5.50%. Based on annual data, HBI earned $2.22 billion in gross profit and brought in $6.23 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 0.80%. Return on equity (ROE) for the past 12 months was -89.70%.
In Hanesbrands Inc.’s quarter-end financial report for June 29, it reported total debt of $3.5 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 -5.17% to $1.39 billion during the quarter, while net income inched up to $1.44 billion. While analysts expected Hanesbrands Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $97.77 million in EBITDA. The liabilities of Hanesbrands Inc. were 5.93 billion at the end of its most recent quarter ended June 29, and its total debt was $4.18 billion. The value of shareholders’ equity is $349.89 million.
Technical Picture
This quick technical analysis looks at Hanesbrands Inc.’s (HBI) price momentum. With a historical volatility rate of 32.94%, the RSI 9-day stood at 55.30% on 31 August.
With respect to its five-day moving average, the current Hanesbrands Inc. price is up by +3.75% percent or $0.19. At present, HBI shares trade +0.77% above its 20-day simple moving average and +5.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.18% above its SMA50 and -32.43% below its SMA200.
Stochastic coefficient K was 30.75% and Stochastic coefficient D was 24.41%, while ATR was 0.21. Given the Stochastic reading of 49.23% for the 14-day period, the RSI (14) reading has been calculated as 54.09%.
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.Hanesbrands Inc. (HBI) has been rated Hold by analysts. According to 2 brokerage firms, 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 0 analysts rate Hanesbrands Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $1.00 – $6.00. Based on these forecasts, analysts predict Hanesbrands Inc. (HBI) will achieve an average price target of $4.82.
