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

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, 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 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 November 21, 2024, HBI stock price declined to $8.35 with 2,255,657 million shares trading.

HBI has a beta of 1.26, meaning it tends to be more sensitive to market movements. HBI has a correlation of 0.10 to the broad based SPY ETF.

HBI has a market cap of $2.94 billion. This is considered a Mid Cap stock.

Last quarter Hanesbrands reported $937 million in Revenue and $.15 earnings per share. This fell short of revenue expectation by $-83 million and exceeded earnings estimates by $.03.

In the last 3 years, HBI traded as high as $17.81 and as low as $3.54.

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

HBI has outperformed the market in the last year with a price return of +108.8% while the SPY ETF gained +31.7%. HBI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +32.3% and +17.6%, respectively, while the SPY returned +6.2% and +0.1%, respectively.

HBI support price is $8.23 and resistance is $8.69 (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 shares will trade within this expected range on the day.