Hanesbrands Inc. (NYSE:HBI) went up by 0.88% from its latest closing price compared to the recent 1-year high of $20.00. The company’s stock price has collected 1.61% of gains in the last five trading sessions. MarketWatch.com reported 5 hours ago that Hanesbrands Inc. stock rises Tuesday, outperforms market
Is It Worth Investing in Hanesbrands Inc. (NYSE :HBI) Right Now?
Plus, the 36-month beta value for HBI is at 1.47. Opinions of the stock are interesting as 5 analysts out of 13 who provided ratings for Hanesbrands Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $19.67, which is $1.48 above the current price. HBI currently public float of 344.03M and currently shorts hold a 7.99% ratio of that float. Today, the average trading volume of HBI was 5.55M shares.
HBI’s Market Performance
HBI stocks went up by 1.61% for the week, with a monthly jump of 19.62% and a quarterly performance of 26.75%, while its annual performance rate touched 36.90%. The volatility ratio for the week stands at 3.21% while the volatility levels for the past 30 days are set at 4.23% for Hanesbrands Inc.. The simple moving average for the period of the last 20 days is 4.90% for HBI stocks with a simple moving average of 25.74% for the last 200 days.
Analysts’ Opinion of HBI
Many brokerage firms have already submitted their reports for HBI stocks, with Stifel repeating the rating for HBI by listing it as a “Hold.” The predicted price for HBI in the upcoming period, according to Stifel is $15 based on the research report published on December 14th of the previous year 2020.
Barclays, on the other hand, stated in their research note that they expect to see HBI reach a price target of $18, previously predicting the price at $15. The rating they have provided for HBI stocks is “Overweight” according to the report published on July 31st, 2020.
Raymond James gave a rating of “Strong Buy” to HBI, setting the target price at $20 in the report published on July 15th of the previous year.
HBI Trading at 14.20% from the 50-Day Moving Average
After a stumble in the market that brought HBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.55% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +19.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.92% upper at present.
During the last 5 trading sessions, HBI rose by +1.61%, which changed the moving average for the period of 200-days by +114.42% in comparison to the 20-day moving average, which settled at $17.59. In addition, Hanesbrands Inc. saw 25.45% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at HBI starting from Upchurch W Howard Jr, who sale 8,052 shares at the price of $18.32 back on Mar 02. After this action, Upchurch W Howard Jr now owns 421,938 shares of Hanesbrands Inc., valued at $147,526 using the latest closing price.
Cavaliere Joseph W, the Group Pres., Global Innerwear of Hanesbrands Inc., purchase 16,650 shares at $17.98 during a trade that took place back on Mar 01, which means that Cavaliere Joseph W is holding 64,209 shares at $299,367 based on the most recent closing price.
Stock Fundamentals for HBI
Equity return is now at value -7.70, with -0.90 for asset returns.