Stock Rating Upgrade
The Value Trend Rating for Hanesbrands Inc (NYSE: HBI) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Hanesbrands Inc (NYSE: HBI) stock closed at $5.74 on 8/1/24 after a decline of -3.4%. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has risen 7.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hanesbrands has a neutral Appreciation Score of 42 but a good Power Rating of 83, producing the Positive Value Trend Rating.
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