Hanesbrands Inc. (NYSE:HBI) has a beta of 1.53, a 12-month trailing P/E ratio of 310.00, and a growth ratio of 31.00. The stock’s Relative Strength Index (RSI) is 47.99, with weekly volatility at 2.36% and ATR at 0.60. The HBI stock’s 52-week price range has touched low of $10.27 and a $22.82 high. Its shares traded higher over the last trading session, gaining 2.47% on 06/11/21. The shares fell to a low of $19.11 before closing at $19.53. Intraday shares traded counted 2.81 million, which was 35.33% higher than its 30-day average trading volume of 4.34M. HBI’s previous close was $19.06 while the outstanding shares total 351.00M.
Investors have identified the Apparel Manufacturing company Hanesbrands Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.65 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Hanesbrands Inc. (HBI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For HBI, the company has in raw cash 530.4 million on their books with 34.38 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 3.28 billion total, with 2.0 billion as their total liabilities.
HBI were able to record -0.86 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by -369.9 million. In cash movements, the company had a total of 16.95 million as operating cash flow.
Potential earnings growth for Hanesbrands Inc. (HBI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Hanesbrands Inc. recorded a total of 1.51 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.22% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -26.94%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 905.35 million trying to sell their products during the last quarter, with the result yielding a gross income of 602.68 million. This allows shareholders to hold on to 351.00M with the recently reported earning now reading -0.75 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/03/2021 (0.39 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 1.72 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HBI sounds very interesting.
Is the stock of HBI attractive?
In related news, Director, BEEBE CHERYL K bought 5,000 shares of the companyâ€™s stock in a transaction that recorded on May 13. The purchase was performed at an average price of 19.17, for a total value of 95,846. As the purchase deal closes, the Group Pres., Global Innerwear, Cavaliere Joseph W now bought 13,675 shares of the companyâ€™s stock, valued at 256,543. Also, Group President, IW Americas, Upchurch W Howard Jr sold 90,739 shares of the companyâ€™s stock in a deal that was recorded on Apr 06. The shares were cost at an average price of 20.01 per share, with a total market value of 1,815,579. Following this completion of disposal, the Chief Admin Ofcr, GC&Corp Sec, JOHNSON JOIA M now holds 50,000 shares of the companyâ€™s stock, valued at 1,026,765. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
5 out of 14 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Hanesbrands Inc.. 1 analysts has assigned a Sell rating on the HBI stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $21.17.