Is Hanesbrands Inc (NYSE: HBI) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Hanesbrands Inc (HBI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.24%, to $4.13. The Hanesbrands Inc has recorded 200,923 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Super Soul Party and Hanes for Good(TM) Team Up for the Big Game.

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Stocks Info

HBI belongs to the Consumer Cyclical sector of the NYSE while operating in the Apparel Manufacturing industry. At the end of the last regular session, the stock closed at $4.12 and fluctuated between $4.3400 as its day high and $4.1100 as its day low. The current market capitalization of Hanesbrands Inc is $1.44B. A total of 6.48 million shares were traded on the day, compared to an average of 7.28M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HBI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 27 SELLs from insiders. Insiders purchased 1,274,811 shares during that period but sold 205,337.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. HBI’s most recent ex-dividend date was 11/21/2022 when it declared a $0.15 quarterly dividend that was paid in cash on 12/13/2022. Previously, the company paid the dividend on 9/14/2022 with an ex-dividend date of 8/23/2022. The HBI stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HBI in the last 3 months, the mean price target is $3.86 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, HBI has a high of $8.80 and a low of $3.54.

As of this writing, HBI has an earnings estimate of $Hanesbrands Inc. per share for the current quarter. EPS was calculated based on a consensus of SPDR Series Trust SPDR S&P Bio estimates, with a high estimate of $Heico Corporation per share and a lower estimate of $Huntington Ingalls Industries,.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HBI’s latest balance sheet shows that the firm has $536.28M in Cash & Short Term Investments as of fiscal 2021. There were $3.74B in debt and $2.33B in liabilities at the time. Its Book Value Per Share was $0.78, while its Total Shareholder’s Equity was $702.49M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HBI is Buy with a score of 2.67.

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