Hanesbrands Inc. [HBI] is 15.84% higher this YTD. Is it still time to buy?

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Hanesbrands Inc. [NYSE: HBI] price surged by 0.66 percent to reach at $0.11. The company report on October 18, 2021 that HanesBrands Sets Date for Third-Quarter 2021 Earnings Announcement and Investor Conference Call.

HanesBrands (NYSE: HBI) announced that it will host an internet audio webcast of its third-quarter 2021 investor conference call at 8:30 a.m. EDT Thursday, Nov. 4, 2021.


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Prior to the conference call that day, Hanes will issue a news release disclosing financial results for the quarter ended Oct. 2, 2021.

A sum of 2568380 shares traded at recent session while its average daily volume was at 4.24M shares. Hanesbrands Inc. shares reached a high of $17.1501 and dropped to a low of $16.80 until finishing in the latest session at $16.89.

The one-year HBI stock forecast points to a potential upside of 26.28. The average equity rating for HBI stock is currently 2.50, trading closer to a bullish pattern in the stock market.

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 $22.91 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.

Wedbush have made an estimate for Hanesbrands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 05, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $20 to $23. The new note on the price target was released on July 13, 2021, representing the official price target for Hanesbrands Inc. stock. Previously, the target price had yet another raise to $20, while Wells Fargo analysts kept a Equal Weight rating on HBI stock. On May 12, 2021, analysts increased their price target for HBI shares from 18 to 25.

The Average True Range (ATR) for Hanesbrands Inc. is set at 0.54, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 10.56. Price to Free Cash Flow for HBI in the course of the last twelve months was 13.78 with Quick ratio for the last quarter at 0.90.

HBI Stock Performance Analysis:

Hanesbrands Inc. [HBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.80. With this latest performance, HBI shares dropped by -8.70% in over the last four-week period, additionally sinking by -19.30% over the last 6 months – not to mention a drop of -2.14% 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 42.94, with the RSI for the last a single of trading hit 45.32, and the three-weeks RSI is set at 42.73 for Hanesbrands Inc. [HBI]. The present Moving Average for the last 50 days of trading for this stock 18.36, while it was recorded at 16.81 for the last single week of trading, and 18.67 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

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 15.00%.

Hanesbrands Inc. [HBI] Insider Position Details

There are presently around $5,142 million, or 89.50% of HBI stock, in the hands of institutional investors. The top three institutional holders of HBI stocks are: VANGUARD GROUP INC with ownership of 38,253,504, which is approximately 1.512% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 27,259,024 shares of the stock with an approximate value of $460.4 million in HBI stocks shares; and DIAMOND HILL CAPITAL MANAGEMENT INC, currently with $357.71 million in HBI stock with ownership of nearly 3.999% of the company’s market capitalization.

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Positions in Hanesbrands Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 263 institutional holders increased their position in Hanesbrands Inc. [NYSE:HBI] by around 27,284,178 shares. Additionally, 251 investors decreased positions by around 25,548,378 shares, while 100 investors held positions by with 251,592,503 shares. The mentioned changes placed institutional holdings at 304,425,059 shares, according to the latest SEC report filing. HBI stock had 61 new institutional investments in for a total of 5,515,066 shares, while 59 institutional investors sold positions of 3,648,425 shares during the same period.

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