Recent exceptional negative changes in investment behavior have affected Hanesbrands Inc (NYSE: HBI): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Hanesbrands Inc (NYSE: HBI) suffers from marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hanesbrands has a neutral Appreciation Score of 42 and a neutral Power Rating of 50, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 4/30/24, Hanesbrands Inc (NYSE: HBI) stock rose modestly by 0.9%, closing at $4.56. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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