HBI Stock Summary and Trading Ideas (Hanesbrands | NYSE:HBI)

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, Berlei, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers through stores and e-commerce. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

Hanesbrands trades on the NYSE stock market under the symbol HBI.

As of April 19, 2024, HBI stock price declined to $4.65 with 6,696,099 million shares trading.

HBI has a beta of 1.79, meaning it tends to be more sensitive to market movements. HBI has a correlation of 0.17 to the broad based SPY ETF.

HBI has a market cap of $1.63 billion. This is considered a Small Cap stock.

Last quarter Hanesbrands reported $1 billion in Revenue and $.03 earnings per share. This fell short of revenue expectation by $-63 million and missed earnings estimates by -$.06.

In the last 3 years, HBI stock traded as high as $22.82 and as low as $3.54.

The top ETF exchange traded funds that HBI belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

HBI has underperformed the market in the last year with a price return of -5.7% while the SPY ETF gained +21.2%. However, in the short term, HBI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.1% vs +3.0% return in SPY. But in the last 2 weeks, HBI shares have been beat by the market, returning -9.4% compared to an SPY return of -4.5%.

HBI support price is $4.56 and resistance is $4.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HBI stock will trade within this expected range on the day.