Extremely important positive changes in investment behavior have recently occurred for Hanesbrands Inc (NYSE: HBI): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Hanesbrands Inc (NYSE: HBI). Modest positive changes in fundamentals have recently occurred. Positive developments: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HBI is expected to continue to be a major Value Builder.
Hanesbrands has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hanesbrands has a neutral Appreciation Score of 49 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
Recent Price Action
On 6/28/24, Hanesbrands Inc (NYSE: HBI) stock increased 1.9%, closing at $4.93. Moreover, this advance was accompanied by exceptionally high trading volume at 230% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.8% during the last week.
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