Drilling Down Into Hanesbrands Inc. (HBI)

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 $20.09, up from yesterday’s close by 1.41%. 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 $7.27 Billion. That value represents a market adjusting for revenues that have been growing by 6.60 % 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 $459.61 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.46 on a per share basis this quarter. Perhaps, that suggests something about why 1.24% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Hanesbrands Inc. recorded a 52-week high of $25.73. It is now trading 5.64% off that level. The stock is trading $18.10 its 50-day moving average by -1.99%. The stock carved out a 52-week low down at $16.38.

In recent action, Hanesbrands Inc. (HBI) has made a move of +21.17% 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 14.04, 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 15.89% with $356.40 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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