Sunday, February 28, 2021

Hanesbrands Inc. [HBI] Stock trading around $19.96 per share: What’s Next?

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Hanesbrands Inc. [NYSE: HBI] stock went on an upward path that rose over 24.91% on Tuesday, amounting to a one-week price increase of more than 31.06%. The company report on February 9, 2021 that HanesBrands Reports Solid Fourth-Quarter Results.

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Net sales of $1.8 billion, driven by strong performance across biggest business segments.

Over the last 12 months, HBI stock rose by 43.70%. The one-year Hanesbrands Inc. stock forecast points to a potential downside of -30.37. The average equity rating for HBI stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.91 billion, with 350.70 million shares outstanding and 343.55 million shares in the current float. Compared to the average trading volume of 5.35M shares, HBI stock reached a trading volume of 28837286 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hanesbrands Inc. [HBI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBI shares is $15.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HBI stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Hanesbrands Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 14, 2020. While these analysts kept the previous recommendation, Barclays raised their target price from $15 to $18. The new note on the price target was released on July 31, 2020, representing the official price target for Hanesbrands Inc. stock. Previously, the target price had yet another raise to $20, while Raymond James analysts kept a Strong Buy rating on HBI stock. On July 15, 2020, analysts increased their price target for HBI shares from 8.50 to 14.

The Average True Range (ATR) for Hanesbrands Inc. is set at 0.76, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 1.04. The Price to Book ratio for the last quarter was 6.09. Price to Free Cash Flow for HBI in the course of the last twelve months was 13.62 with Quick ratio for the last quarter at 1.00.

HBI Stock Performance Analysis:

Hanesbrands Inc. [HBI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.06. With this latest performance, HBI shares gained by 29.95% in over the last four-week period, additionally plugging by 26.49% over the last 6 months – not to mention a rise of 43.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HBI stock in for the last two-week period is set at 84.89, with the RSI for the last a single of trading hit 90.48, and the three-weeks RSI is set at 79.45 for Hanesbrands Inc. [HBI]. The present Moving Average for the last 50 days of trading for this stock 14.98, while it was recorded at 16.57 for the last single week of trading, and 13.98 for the last 200 days.

Insight into Hanesbrands Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Hanesbrands Inc. [HBI] shares currently have an operating margin of +13.74 and a Gross Margin at +39.91. Hanesbrands Inc.’s Net Margin is presently recorded at +8.62.

Return on Total Capital for HBI is now 18.98, given the latest momentum, and Return on Invested Capital for the company is 12.84. Return on Equity for this stock inclined to 54.44, with Return on Assets sitting at 8.22. When it comes to the capital structure of this company, Hanesbrands Inc. [HBI] has a Total Debt to Total Equity ratio set at 315.09. Additionally, HBI Total Debt to Total Capital is recorded at 75.91, with Total Debt to Total Assets ending up at 52.98. Long-Term Debt to Equity for the company is recorded at 292.35, with the Long-Term Debt to Total Capital now at 70.43.

Reflecting on the efficiency of the workforce at the company, Hanesbrands Inc. [HBI] managed to generate an average of $9,535 per employee. Receivables Turnover for the company is 8.26 with a Total Asset Turnover recorded at a value of 0.95.Hanesbrands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.00.

HBI Stock EPS

With the latest financial reports released by the company, Hanesbrands Inc. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -64.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HBI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hanesbrands Inc. go to 0.27%.

Hanesbrands Inc. [HBI] Insider Position Details

There are presently around $6,290 million, or 94.50% of HBI stock, in the hands of institutional investors. The top three institutional holders of HBI stocks are: VANGUARD GROUP INC with ownership of 39,615,433, which is approximately -5.82% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 24,589,608 shares of the stock with an approximate value of $490.81 million in HBI stocks shares; and DIAMOND HILL CAPITAL MANAGEMENT INC, currently with $431.57 million in HBI stock with ownership of nearly 13.15% of the company’s market capitalization.

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Positions in Hanesbrands Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 256 institutional holders increased their position in Hanesbrands Inc. [NYSE:HBI] by around 34,050,464 shares. Additionally, 292 investors decreased positions by around 46,082,788 shares, while 83 investors held positions by with 234,991,516 shares. The mentioned changes placed institutional holdings at 315,124,768 shares, according to the latest SEC report filing. HBI stock had 88 new institutional investments in for a total of 5,708,294 shares, while 72 institutional investors sold positions of 9,128,234 shares during the same period.

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