Hanesbrands Inc. (HBI): What’s the Story?

Hanesbrands Inc. (HBI) is an interesting player in the Consumer Goods space, with a focus on Textile – Apparel Clothing. The stock has been active on the tape, currently trading at $20.91, down from yesterday’s close by -0.57%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Hanesbrands Inc. (HBI) currently trades with a market capitalization of $7.67 Billion. That value represents a market adjusting for revenues that have been growing by 2.17 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $650.03 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.52 on a per share basis this quarter. Perhaps, that suggests something about why 1.16% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how HBI has been acting. Looking at the stock’s movement on the chart, Hanesbrands Inc. recorded a 52-week high of $25.73. It is now trading 4.82% off that level. The stock is trading $20.74 its 50-day moving average by -0.17%. The stock carved out a 52-week low down at $18.90.

In recent action, Hanesbrands Inc. (HBI) has made a move of +0.10% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 17.44% with $360.98 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HBI.

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