Hanesbrands Inc. [HBI] is 28.12% higher this YTD. Is it still time to buy?

Hanesbrands Inc. [NYSE: HBI] stock went on an upward path that rose over 0.92% on Thursday, amounting to a one-week price increase of more than 0.48%. The company report on June 14, 2021 that HanesBrands Appoints William S. Simon to Board of Directors.

>> 7 Top Picks for the Post-Pandemic Economy <<

HanesBrands (NYSE: HBI), a global leader in iconic apparel brands, announced that William S. Simon has been appointed to the company’s board of directors.

With the appointment of Simon, whose term runs until the 2022 annual meeting of stockholders, the company’s board has 10 members. Simon will serve on the board’s audit committee.

Over the last 12 months, HBI stock rose by 74.42%. The one-year Hanesbrands Inc. stock forecast points to a potential upside of 11.76. The average equity rating for HBI stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.64 billion, with 351.00 million shares outstanding and 344.66 million shares in the current float. Compared to the average trading volume of 4.25M shares, HBI stock reached a trading volume of 2925565 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 $21.17 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 2.50. 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.

Wells Fargo have made an estimate for Hanesbrands Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 12, 2021. While these analysts kept the previous recommendation, Stifel raised their target price from $18 to $25. The new note on the price target was released on May 12, 2021, representing the official price target for Hanesbrands Inc. stock. Previously, the target price had yet another drop from $17 to $15, while Stifel kept a Hold rating on HBI stock. On July 31, 2020, analysts increased their price target for HBI shares from 15 to 18.

The Average True Range (ATR) for Hanesbrands Inc. is set at 0.48, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 13.54. Price to Free Cash Flow for HBI in the course of the last twelve months was 22.61 with Quick ratio for the last quarter at 0.90.

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 0.48. With this latest performance, HBI shares dropped by -2.15% in over the last four-week period, additionally plugging by 32.76% over the last 6 months – not to mention a rise of 74.42% 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 42.40, with the RSI for the last a single of trading hit 42.32, and the three-weeks RSI is set at 43.68 for Hanesbrands Inc. [HBI]. The present Moving Average for the last 50 days of trading for this stock 19.86, while it was recorded at 18.52 for the last single week of trading, and 17.34 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 +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.

HBI Stock EPS

With the latest financial reports released by the company, Hanesbrands Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 957.10%. 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 10.00%.

Hanesbrands Inc. [HBI] Insider Position Details

There are presently around $5,619 million, or 89.30% of HBI stock, in the hands of institutional investors. The top three institutional holders of HBI stocks are: VANGUARD GROUP INC with ownership of 37,683,808, which is approximately 1.585% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 26,820,559 shares of the stock with an approximate value of $501.01 million in HBI stocks shares; and DIAMOND HILL CAPITAL MANAGEMENT INC, currently with $380.41 million in HBI stock with ownership of nearly -5.817% of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

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 242 institutional holders increased their position in Hanesbrands Inc. [NYSE:HBI] by around 23,862,762 shares. Additionally, 300 investors decreased positions by around 35,609,861 shares, while 90 investors held positions by with 241,318,369 shares. The mentioned changes placed institutional holdings at 300,790,992 shares, according to the latest SEC report filing. HBI stock had 75 new institutional investments in for a total of 5,273,355 shares, while 71 institutional investors sold positions of 7,288,247 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam