At the time of writing, Hanesbrands Inc [HBI] stock is trading at $8.22, up 4.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HBI shares have gain 2.75% over the last week, with a monthly amount glided 10.04%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hanesbrands Inc [NYSE: HBI] stock has seen the most recent analyst activity on November 10, 2022, when Credit Suisse downgraded its rating to a Neutral and also revised its price target to $7 from $10. Previously, Wells Fargo downgraded its rating to Underweight on October 31, 2022, and dropped its price target to $5. On July 13, 2022, downgrade downgraded it’s rating to In-line. Barclays downgraded its rating to a Equal Weight and decreased its price target to $13 on June 08, 2022. Stifel downgraded its rating to a Hold and reduced its price target to $13 on May 06, 2022. Wedbush started tracking with a Neutral rating for this stock on October 05, 2021, and assigned it a price target of $18. In a note dated July 13, 2021, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $20 to $23.
For the past year, the stock price of Hanesbrands Inc fluctuated between $3.58 and $8.70. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Hanesbrands Inc [NYSE: HBI] shares were valued at $8.22 at the most recent close of the market. An investor can expect a potential return of 9.49% based on the average HBI price forecast.
Analyzing the HBI fundamentals
According to Hanesbrands Inc [NYSE:HBI], the company’s sales were 4.39B for trailing twelve months, which represents an -37.99% plunge. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.95 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of23.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.99 points at the first support level, and at 7.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.34, and for the 2nd resistance point, it is at 8.47.
Ratios To Look Out For
It is important to note that Hanesbrands Inc [NYSE:HBI] has a current ratio of 1.49. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 19.36.
Transactions by insiders
Recent insider trading involved VANESSA LEFEBVRE-ROBINSON, Officer, that happened on Nov 13 ’24 when 0.28 million shares were purchased.
