Market Analysts see Hanesbrands Inc [HBI] falling to $7. Time to buy?

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Hanesbrands Inc [NYSE: HBI] traded at a low on 11/06/23, posting a -1.34 loss after which it closed the day’ session at $4.42. The company report on October 19, 2023 at 5:20 PM that HanesBrands Provides Details for Third-Quarter 2023 Earnings Announcement and Investor Conference Call.

HanesBrands (NYSE: HBI) today provided details for its third-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, November 9, 2023.

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Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended September 30, 2023.

The results of the trading session contributed to over 5895003 shares changing hands. Over the past one week, the price volatility of Hanesbrands Inc stands at 4.10% while the volatility over the past one month is 4.18%.

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The market cap for HBI stock reached $1.55 billion, with 349.01 million shares outstanding and 346.10 million shares in the current float. Compared to the average trading volume of 6.79M shares, HBI reached a trading volume of 5895003 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 $4.77 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 3.18. 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.

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The Average True Range (ATR) for Hanesbrands Inc is set at 0.19, with the Price to Sales ratio for HBI stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 4.44, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for HBI in the course of the last twelve months was 14.49 with Quick ratio for the last quarter at 0.61.

How has HBI stock performed recently?

Hanesbrands Inc [HBI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.74. With this latest performance, HBI shares gained by 15.10% in over the last four-week period, additionally plugging by 1.84% over the last 6 months – not to mention a drop of -33.93% 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 56.48, with the RSI for the last a single of trading hit 60.67, and the three-weeks RSI is set at 53.11 for Hanesbrands Inc [HBI]. The present Moving Average for the last 50 days of trading for this stock 4.33, while it was recorded at 4.32 for the last single week of trading, and 4.93 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 +9.17 and a Gross Margin at +35.46. Hanesbrands Inc’s Net Margin is presently recorded at -2.10.

Return on Total Capital for HBI is now 12.80, given the latest momentum, and Return on Invested Capital for the company is -3.03. Return on Equity for this stock declined to -23.83, with Return on Assets sitting at -1.93. When it comes to the capital structure of this company, Hanesbrands Inc [HBI] has a Total Debt to Total Equity ratio set at 1,027.21. Additionally, HBI Total Debt to Total Capital is recorded at 91.13, with Total Debt to Total Assets ending up at 62.90. Long-Term Debt to Equity for the company is recorded at 988.97, with the Long-Term Debt to Total Capital now at 87.74.

Reflecting on the efficiency of the workforce at the company, Hanesbrands Inc [HBI] managed to generate an average of -$2,572 per employee. Receivables Turnover for the company is 7.72 with a Total Asset Turnover recorded at a value of 0.92.Hanesbrands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 1.67.

Earnings analysis for Hanesbrands Inc [HBI]

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 0.80%.

Insider trade positions for Hanesbrands Inc [HBI]

The top three institutional holders of HBI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HBI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HBI stock with ownership which is approximately 5.7994%.

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