Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Hanesbrands Inc (NYSE: HBI) improved of late. HBI’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Hanesbrands Inc (NYSE: HBI) stock closed at $4.48 on 4/26/24 after a slight gain of 0.2%. However, trading volume in this advance was unusually low at 53% of normal. The stock has declined -5.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HBI is expected to continue to be a major Value Builder.
Hanesbrands has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hanesbrands has a neutral Power Rating of 46 and a neutral Appreciation Score of 44, and the Low Neutral Value Trend Rating results.
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