While Hanesbrands Inc has underperformed by -4.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HBI rose by 5.70%, with highs and lows ranging from $5.79 to $3.54, whereas the simple moving average jumped by 18.81% in the last 200 days.
On November 10, 2022, Credit Suisse Downgraded Hanesbrands Inc (NYSE: HBI) to Neutral. A report published by Wells Fargo on October 31, 2022, Downgraded its rating to ‘Underweight’ for HBI. Barclays June 08, 2022d the rating to Equal Weight on June 08, 2022, and set its price target from $18 to $13. Stifel May 06, 2022d its ‘Buy’ rating to ‘Hold’ for HBI, as published in its report on May 06, 2022. Wedbush’s report from October 05, 2021 suggests a price prediction of $18 for HBI shares, giving the stock a ‘Neutral’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Hanesbrands Inc (HBI)
Further, the quarter-over-quarter decrease in sales is -11.98%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Hanesbrands Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -4.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.65, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 9.08M can be a very valuable indicator of volatility for HBI stock. On a monthly basis, the volatility of the stock is set at 4.72%, whereas on a weekly basis, it is put at 5.39%, with a gain of 2.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.79, showing decline from the present price of $5.38, which can serve as yet another indication of whether HBI is worth investing in or should be passed over.
How Do You Analyze Hanesbrands Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HBI shares are owned by institutional investors to the tune of 86.95% at present.
