HanesBrands, Inc. stock trades under the ticker HBI & has shown recent bullishness that traders & investors should research further into.
HBI stock closed at $7.07/share on 11/7/2022.
HanesBrands, Inc. HBI Stock’s Technical Performance Broken Down
HBI Stock Price: $7.07
10 Day Moving Average: $7.04
50 Day Moving Average: $7.83
200 Day Moving Average: $11.44
RSI: 43.21
MACD: -0.295
Yesterday, HBI stock completed a bullish MACD crossover, gaining 1.43%.
Recent trading volumes have been above average compared to the year prior, and their RSI is on the over-sold end of neutral, signaling that there may be additional short-term momentum to come.
HBI stock has support at the $6.91 & $6.63/share price levels, as they try to break out & above the $7.14 & $7.35/share resistance levels.
HanesBrands, Inc. HBI Stock As A Long-Term Investment
Long-term oriented investors will like HBI stock’s 5.45 P/E (ttm), but may find their 3.42 P/B (mrq) to be a bit too rich.
Potential investors will want to research their recent growth performance, with a reported -13.6% Quarterly Revenue Growth Y-o-Y & -28.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough analysis, with $247.92M of Total Cash (mrq) & $4.13B of Total Debt (mrq).
HBI stock pays an 8.61% dividend, which appears to be stable in the long-run, as their payout ratio is 46.88%.
92.48% of HBI stock’s outstanding share float is owned by institutional investors.
HanesBrands, Inc. HBI Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from HBI stock’s price movement, while hedging against broader market volatility.
I am looking at the contracts with the 11/18 expiration date.
The $7, $5 & $6 call options are all in-the-money, in order of most to least open interest.
The $8, $9 & $7.50 puts are also all in-the-money, with the former being more liquid than the latter two strikes.
Tying It All Together
HBI stock has many interesting characteristics that traders & investors should find appealing.
Investors will like their dividend yield, but may want to research deeper into the structure of their balance sheet before investing.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into how HBI stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF HBI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***