Alert: Major Price Decline (4/2/24)-Hanesbrands Inc (NYSE: HBI).


Hanesbrands Inc (NYSE: HBI) stock closed at $5.12 on 4/2/24 after a major decline of -10.8%. Moreover, this decline was accompanied by unusually high trading volume at 174% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.


Current PriceTarget Research Rating

HBI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Hanesbrands has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hanesbrands has a neutral Power Rating of 45 and a slightly negative Appreciation Score of 38, producing the Negative Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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