Hanesbrands Stock Today

HBI Stock  USD 5.60  0.24  4.48%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 28

 
100  
 
Zero
Below Average
Hanesbrands is trading at 5.60 as of the 28th of March 2024. This is a 4.48 percent up since the beginning of the trading day. The stock's open price was 5.36. Hanesbrands has about a 28 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Hanesbrands are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
6th of September 2006
Category
Consumer Cyclical
Classification
Consumer Discretionary
Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina. Hanesbrands operates under Apparel Manufacturing classification in the United States and is traded on New York Stock Exchange. The company has 351.56 M outstanding shares of which 45.57 M shares are currently shorted by investors with about 4.89 days to cover. More on Hanesbrands

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Hanesbrands Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hanesbrands' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hanesbrands or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Hanesbrands' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Hanesbrands' managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOGerald Evans
Thematic IdeaMacroaxis Index (View all Themes)
Business ConcentrationApparel, Accessories & Luxury Goods, Consumer Durables & Apparel, Consumer Discretionary, NYSE Composite, SP Small-Cap 600, Macroaxis Index, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Apparel Manufacturing, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Hanesbrands report their recommendations after researching Hanesbrands' financial statements, talking to executives and customers, or listening in on Hanesbrands' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hanesbrands. The Hanesbrands consensus assessment is calculated by taking the average forecast from all of the analysts covering Hanesbrands.
Financial Strength
Based on the key indicators related to Hanesbrands' liquidity, profitability, solvency, and operating efficiency, Hanesbrands may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Hanesbrands is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.191.1
Significantly Up
Very volatile
Gross Profit Margin0.270.32
Fairly Down
Pretty Stable
Total Current Liabilities1.5 B1.4 B
Significantly Up
Slightly volatile
Non Current Liabilities Total2.8 B3.8 B
Way Down
Slightly volatile
Total Assets5.5 B5.6 B
Fairly Down
Slightly volatile
Total Current Assets2.8 B2.3 B
Fairly Up
Slightly volatile
Hanesbrands' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hanesbrands' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Hanesbrands' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Hanesbrands' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hanesbrands' financial leverage. It provides some insight into what part of Hanesbrands' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Hanesbrands' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Hanesbrands deploys its capital and how much of that capital is borrowed.
Liquidity
Hanesbrands cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.76 B in debt with debt to equity (D/E) ratio of 6.31, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Hanesbrands has a current ratio of 1.68, which is typical for the industry and considered as normal. Debt can assist Hanesbrands until it has trouble settling it off, either with new capital or with free cash flow. So, Hanesbrands' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hanesbrands sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hanesbrands to invest in growth at high rates of return. When we think about Hanesbrands' use of debt, we should always consider it together with cash and equity.

Change In Working Capital

542.83 Million
Hanesbrands (HBI) is traded on New York Stock Exchange in USA. It is located in 1000 East Hanes Mill Road, Winston-Salem, NC, United States, 27105 and employs 47,000 people. Hanesbrands is listed under Apparel, Accessories & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.97 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hanesbrands's market, we take the total number of its shares issued and multiply it by Hanesbrands's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hanesbrands runs under Textiles, Apparel & Luxury Goods sector within Consumer Discretionary industry. The entity has 351.56 M outstanding shares of which 45.57 M shares are currently shorted by investors with about 4.89 days to cover. Hanesbrands has about 238.41 M in cash with 561.75 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.73.
Check Hanesbrands Probability Of Bankruptcy
Ownership Allocation
Hanesbrands secures a total of 351.56 Million outstanding shares. The majority of Hanesbrands outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Hanesbrands to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Hanesbrands. Please pay attention to any change in the institutional holdings of Hanesbrands as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Hanesbrands Ownership Details

Hanesbrands Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Hanesbrands jumping above the current price in 90 days from now is nearly 4.91%. The Hanesbrands probability density function shows the probability of Hanesbrands stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.0528. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Hanesbrands will likely underperform. Additionally, hanesbrands has an alpha of 0.2348, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 5.6HorizonTargetOdds Above 5.6
95.05%90 days
 5.60 
4.91%
Based on a normal probability distribution, the odds of Hanesbrands to move above the current price in 90 days from now is nearly 4.91 (This Hanesbrands probability density function shows the probability of Hanesbrands Stock to fall within a particular range of prices over 90 days) .

Hanesbrands Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Hanesbrands that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hanesbrands' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hanesbrands' value.
InstituionRecorded OnShares
Renaissance Technologies Corp2023-12-31
4.4 M
Brandes Investment Partners & Co2023-12-31
4.3 M
Morningstar Investment Services Llc2023-12-31
4.3 M
Morgan Stanley - Brokerage Accounts2023-12-31
4.1 M
Charles Schwab Investment Management Inc2023-12-31
M
Northern Trust Corp2023-12-31
3.8 M
Bank Of New York Mellon Corp2023-12-31
2.9 M
Amvescap Plc.2023-12-31
2.7 M
Allianz Asset Management Ag2023-12-31
2.2 M
Blackrock Inc2023-12-31
56.7 M
Vanguard Group Inc2023-12-31
38.9 M
View Hanesbrands Diagnostics

Hanesbrands Historical Income Statement

Hanesbrands Income Statement is one of the three primary financial statements used for reporting Hanesbrands's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hanesbrands revenue and expense. Hanesbrands Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Hanesbrands' Cost Of Revenue is increasing as compared to previous years. The Hanesbrands' current Research Development is estimated to increase to about 40.3 M, while Interest Expense is projected to decrease to under 149.6 M. View More Fundamentals

Hanesbrands Stock Against Markets

Picking the right benchmark for Hanesbrands stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hanesbrands stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hanesbrands is critical whether you are bullish or bearish towards Hanesbrands at a given time. Please also check how Hanesbrands' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hanesbrands without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hanesbrands Corporate Directors

Hanesbrands corporate directors refer to members of a Hanesbrands board of directors. The board of directors generally takes responsibility for the Hanesbrands' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hanesbrands' board members must vote for the resolution. The Hanesbrands board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Patrick MulcahyLead Independent DirectorProfile
Robert MoranIndependent DirectorProfile
Jessica MathewsIndependent DirectorProfile
James JohnsonIndependent DirectorProfile

How to buy Hanesbrands Stock?

Before investing in Hanesbrands, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hanesbrands. To buy Hanesbrands stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hanesbrands. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Hanesbrands stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Hanesbrands stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Hanesbrands stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hanesbrands, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hanesbrands Stock please use our How to Invest in Hanesbrands guide.

Already Invested in Hanesbrands?

The danger of trading Hanesbrands is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hanesbrands is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hanesbrands. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hanesbrands is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hanesbrands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hanesbrands' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hanesbrands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hanesbrands Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanesbrands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more detail on how to invest in Hanesbrands Stock please use our How to Invest in Hanesbrands guide.
Note that the Hanesbrands information on this page should be used as a complementary analysis to other Hanesbrands' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Hanesbrands' price analysis, check to measure Hanesbrands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanesbrands is operating at the current time. Most of Hanesbrands' value examination focuses on studying past and present price action to predict the probability of Hanesbrands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanesbrands' price. Additionally, you may evaluate how the addition of Hanesbrands to your portfolios can decrease your overall portfolio volatility.
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Is Hanesbrands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanesbrands. If investors know Hanesbrands will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanesbrands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Earnings Share
(0.05)
Revenue Per Share
16.077
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0374
The market value of Hanesbrands is measured differently than its book value, which is the value of Hanesbrands that is recorded on the company's balance sheet. Investors also form their own opinion of Hanesbrands' value that differs from its market value or its book value, called intrinsic value, which is Hanesbrands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanesbrands' market value can be influenced by many factors that don't directly affect Hanesbrands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanesbrands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanesbrands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanesbrands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.