Market Analysts see Hanesbrands Inc. [HBI] falling to $15. Time to buy?

Hanesbrands Inc. [NYSE: HBI] traded at a high on 04/16/21, posting a 1.10 gain after which it closed the day’ session at $20.26. The company report on April 15, 2021 that HanesBrands Sets Date for First-Quarter 2021 Earnings Announcement and Virtual Investor Day.

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HanesBrands (NYSE: HBI) announced that it will issue its first-quarter 2021 earnings announcement prior to market open on May 11, 2021.

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The company will discuss its Q1 results during its virtual Investor Day, which is scheduled for 8:30 a.m. EDT on May 11. The Investor Day will include presentations by leaders on the company’s Full Potential growth plan followed by a live question-and-answer session.

The results of the trading session contributed to over 4151733 shares changing hands. Over the past one week, the price volatility of Hanesbrands Inc. stands at 2.04% while the volatility over the past one month is 3.27%.

The market cap for HBI stock reached $6.99 billion, with 350.81 million shares outstanding and 344.23 million shares in the current float. Compared to the average trading volume of 5.10M shares, HBI reached a trading volume of 4151733 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $19.67 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 2.70. 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 0.60, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 8.73. Price to Free Cash Flow for HBI in the course of the last twelve months was 37.93 with Quick ratio for the last quarter at 0.90.

How has HBI stock performed recently?

Hanesbrands Inc. [HBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.49. With this latest performance, HBI shares gained by 0.20% in over the last four-week period, additionally plugging by 19.04% over the last 6 months – not to mention a rise of 133.41% 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 55.91, with the RSI for the last a single of trading hit 55.77, and the three-weeks RSI is set at 56.71 for Hanesbrands Inc. [HBI]. The present Moving Average for the last 50 days of trading for this stock 19.21, while it was recorded at 20.20 for the last single week of trading, and 16.02 for the last 200 days.

Hanesbrands Inc. [HBI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hanesbrands Inc. [HBI] shares currently have an operating margin of +12.28 and a Gross Margin at +38.43. Hanesbrands Inc.’s Net Margin is presently recorded at -1.13.

Return on Total Capital for HBI is now 15.65, given the latest momentum, and Return on Invested Capital for the company is -1.55. Return on Equity for this stock declined to -7.37, with Return on Assets sitting at -1.00. When it comes to the capital structure of this company, Hanesbrands Inc. [HBI] has a Total Debt to Total Equity ratio set at 554.25. Additionally, HBI Total Debt to Total Capital is recorded at 84.72, with Total Debt to Total Assets ending up at 58.60. Long-Term Debt to Equity for the company is recorded at 503.69, with the Long-Term Debt to Total Capital now at 76.99.

Reflecting on the efficiency of the workforce at the company, Hanesbrands Inc. [HBI] managed to generate an average of -$1,239 per employee. Receivables Turnover for the company is 8.09 with a Total Asset Turnover recorded at a value of 0.89.Hanesbrands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.

Earnings analysis for Hanesbrands Inc. [HBI]

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 4.66%.

Insider trade positions for Hanesbrands Inc. [HBI]

There are presently around $6,300 million, or 93.00% of HBI stock, in the hands of institutional investors. The top three institutional holders of HBI stocks are: VANGUARD GROUP INC with ownership of 37,095,818, which is approximately -6.36% 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 $498.19 million in HBI stocks shares; and DIAMOND HILL CAPITAL MANAGEMENT INC, currently with $438.06 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 May and at the time of the May reporting period, where 278 institutional holders increased their position in Hanesbrands Inc. [NYSE:HBI] by around 30,419,107 shares. Additionally, 263 investors decreased positions by around 37,098,748 shares, while 86 investors held positions by with 243,419,427 shares. The mentioned changes placed institutional holdings at 310,937,282 shares, according to the latest SEC report filing. HBI stock had 86 new institutional investments in for a total of 5,375,846 shares, while 73 institutional investors sold positions of 9,708,856 shares during the same period.

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