Hanesbrands Inc. [NYSE: HBI] stock went on a downward path that fall over -5.21% on Monday, amounting to a one-week price decrease of less than -2.00%. The company report on November 15, 2022 that Champion Celebrates Eco Future Collection and Treedom Partnership.
To celebrate Champion Europe’s Fall
Treedom is the first platform in the world that allows consumers to plant a tree from a distance and follow the story of the project online.
Over the last 12 months, HBI stock dropped by -61.35%. The one-year Hanesbrands Inc. stock forecast points to a potential upside of 6.32. The average equity rating for HBI stock is currently 3.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.23 billion, with 349.88 million shares outstanding and 345.65 million shares in the current float. Compared to the average trading volume of 9.57M shares, HBI stock reached a trading volume of 11722995 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 $6.80 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 3.10. 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.
Credit Suisse have made an estimate for Hanesbrands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 10, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $13 to $5. The new note on the price target was released on October 31, 2022, representing the official price target for Hanesbrands Inc. stock. On June 08, 2022, analysts decreased their price target for HBI shares from 18 to 13.
The Average True Range (ATR) for Hanesbrands Inc. is set at 0.33, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 0.72.
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 -2.00. With this latest performance, HBI shares dropped by -4.78% in over the last four-week period, additionally sinking by -46.15% over the last 6 months – not to mention a drop of -61.35% 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 38.89, with the RSI for the last a single of trading hit 35.69, and the three-weeks RSI is set at 39.99 for Hanesbrands Inc. [HBI]. The present Moving Average for the last 50 days of trading for this stock 7.17, while it was recorded at 6.62 for the last single week of trading, and 10.82 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 +13.67 and a Gross Margin at +39.01. Hanesbrands Inc.’s Net Margin is presently recorded at +7.66.
Return on Equity for this stock inclined to 68.71, with Return on Assets sitting at 7.05.
Hanesbrands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.70.
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 -14.00%.
Hanesbrands Inc. [HBI] Insider Position Details
There are presently around $1,854 million, or 87.00% of HBI stock, in the hands of institutional investors. The top three institutional holders of HBI stocks are: BLACKROCK INC. with ownership of 37,711,240, which is approximately -1.341% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 34,285,497 shares of the stock with an approximate value of $218.4 million in HBI stocks shares; and COOKE & BIELER LP, currently with $131.78 million in HBI stock with ownership of nearly 1.988% of the company’s market capitalization.
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 268 institutional holders increased their position in Hanesbrands Inc. [NYSE:HBI] by around 29,462,599 shares. Additionally, 258 investors decreased positions by around 50,196,113 shares, while 105 investors held positions by with 211,463,884 shares. The mentioned changes placed institutional holdings at 291,122,596 shares, according to the latest SEC report filing. HBI stock had 76 new institutional investments in for a total of 5,078,636 shares, while 82 institutional investors sold positions of 5,039,735 shares during the same period.