The stock of Hanesbrands Inc (HBI) has seen a 2.75% increase in the past week, with a 10.04% gain in the past month, and a 29.25% flourish in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 4.69% for HBI. The simple moving average for the past 20 days is 10.77% for HBI’s stock, with a 44.19% simple moving average for the past 200 days.
Is It Worth Investing in Hanesbrands Inc (NYSE: HBI) Right Now?
The 36-month beta value for HBI is at 1.60. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for HBI is 348.27M, and currently, shorts hold a 13.41% of that float. The average trading volume for HBI on November 18, 2024 was 6.16M shares.
HBI) stock’s latest price update
The stock of Hanesbrands Inc (NYSE: HBI) has increased by 4.18 when compared to last closing price of 7.89. Despite this, the company has experienced a 2.75% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Hanesbrands Inc.’s Q3 2024 results showed flat organic revenue and margin improvement, driven by lower product costs, but SG&A expenses increased due to marketing and talent investments. The company completed the Champion divestment and repaid $870 million in debt, focusing on higher-yielding Term Loan B, boosting the stock by 18%. Despite potential Q4 growth from promotions and new distribution points, long-term margin targets (15%) are uncertain given Hanesbrands’ historical performance.
Analysts’ Opinion of HBI
Many brokerage firms have already submitted their reports for HBI stocks, with Credit Suisse repeating the rating for HBI by listing it as a “Neutral.” The predicted price for HBI in the upcoming period, according to Credit Suisse is $7 based on the research report published on November 10, 2022 of the previous year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see HBI reach a price target of $5, previously predicting the price at $13. The rating they have provided for HBI stocks is “Underweight” according to the report published on October 31st, 2022.
HBI Trading at 14.65% 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 -5.52% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares surge +9.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.06% upper at present.
During the last 5 trading sessions, HBI rose by +2.75%, which changed the moving average for the period of 200-days by +73.42% in comparison to the 20-day moving average, which settled at $7.42. In addition, Hanesbrands Inc saw 84.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HBI starting from VANESSA LEFEBVRE-ROBINSON, who proposed sale 276,394 shares at the price of $7.95 back on Nov 13 ’24. After this action, VANESSA LEFEBVRE-ROBINSON now owns shares of Hanesbrands Inc, valued at $2,196,503 using the latest closing price.
Stock Fundamentals for HBI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.4 for the gross margin
The net margin for Hanesbrands Inc stands at -0.05. The total capital return value is set at 0.12. Equity return is now at value -30.87, with -1.15 for asset returns.
Based on Hanesbrands Inc (HBI), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 23.05. The interest coverage ratio of the stock is 1.94.
Currently, EBITDA for the company is 468.15 million with net debt to EBITDA at 11.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.37. The receivables turnover for the company is 8.67for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Hanesbrands Inc (HBI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
