Hanesbrands Inc (NYSE: HBI) has reported E.P.S. of $0.09 for its third fiscal quarter (ending September 30) versus $-0.11 for the same period a year ago — a decline of -182%. For the latest four quarters through September 30, E.P.S. were $-0.16 versus $-1.46 for the same period a year ago — a decline of -89%.
Recent Price Action
Hanesbrands Inc (NYSE: HBI) stock enjoyed a major increase of 18.0% on 11/7/24. The shares closed at $8.38. Moreover, exceptionally high trading volume at 328% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 17.0% during the last week.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hanesbrands has a slightly negative Appreciation Score of 36 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment