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NYSE: HBI

How to Buy Hanesbrands Stock

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Hanesbrands Inc

Hanesbrands is a apparel manufacturing company located in North Carolina, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker HBI on the NYSE exchange.

Hanesbrands stock last closed at $7.82, up 2.89% from the previous day, and has decreased 53.81% in one year. It has underperformed other stocks in the Apparel Manufacturing industry by 0.2 percentage points. Hanesbrands stock is currently +13.17% from its 52-week low of $6.91, and -57.95% from its 52-week high of $18.60.

As of Oct 5, 2022, there are 348.94M shares of HBI outstanding. The market capitalization of HBI is $2.73B. In the past 24 hours, 10.65M HBI shares were traded.

How to Buy Hanesbrands Stock

Wondering how to invest in Hanesbrands stock? Here's how.
  1. Decide where to buy Hanesbrands stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Hanesbrands stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified. It's the best place to buy HBI stock.
  3. Fund your investment account: Choose your payment method and add your information.
  4. Evaluate Hanesbrands stock: The Hanesbrands ticker symbol is HBI. Is Hanesbrands stock a good investment? Should you buy shares of HBI? How do HBI's underlying business fundamentals look? Do top analysts think Hanesbrands is a good buy? Why has HBI's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if HBI is a good stock to buy).
  5. Execute your HBI buy order: Decide if you will purchase HBI shares at the current market price or use a limit order to buy HBI stock at a particular price.
  6. Keep an eye on your HBI position: Create a watchlist to important notifications about your new investment in Hanesbrands stock.

Step 1: Decide where to buy Hanesbrands stock

You will need an online brokerage account to access the NYSE market and buy HBI shares.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Get $10 towards your your HBI stock purchase by signing up for an account with eToro now.

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Step 2: Create a brokerage account

Now that you've picked you'll need brokerage, picked to fill out some personal information so you can buy HBI today.

How to Open a New Investment Account on eToro

  1. Click here to get started.
  2. Input your personal info to start a new brokerage account.
  1. Send your information by hitting the "Create Account" button.
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Step 3: Fund your investment account

Check out the video below for more details depositing money into your new brokerage account.

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Step 4: Evaluate Hanesbrands stock

It's important to research stocks prior to investing, so you can comprehend the risk as well as the upside.

Hanesbrands stock quick numbers

HBI Price
$7.82
1w %
3.58%
1y %
-53.81%
5y %
-67.1%
P/E
6.52x
P/B
3.83x
P/S
0.41x
PEG
N/A
Revenue
$6.63B
Earnings
$422.61M
Fore. Rev. Growth
-1.88%
Fore. Earn. Growth
-3.33%
Market Cap
$2.73B
Next Earnings
Nov 2, 2022
Next Dividend
N/A

Hanesbrands Zen Score

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.

You can see all of the due diligence checks on HBI's stock page.

Is HBI stock undervalued?

Investors use many financial metrics, analyses, models, and charts to gauge HBI's intrinsic value.

Using relative valuations ratios:

  • HBI may be undervalued based on its P/E ratio of 6.52x, relative to Apparel Manufacturing industry P/E ratio of 11.74x
  • HBI could be overvalued based on its P/B ratio of 3.83x, relative to Apparel Manufacturing industry P/B ratio of 2.58x

You can do more valuation research on HBI's stock here.

HBI Financial Health Overview

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the HBI balance sheet.
  • HBI has cash burn of 111232000. It has enough cash and short-term investments to cover this for at least one year.
  • HBI has $247.92M in cash and short term investments. This is enough to cover its annual cash burn of $111.23M.
  • HBI profit margin has gone up from -5.5% to 6.4% in the past year.

Negative Health Checks:

  • There are more long-term liabilities than short-term assets on the HBI balance sheet.
  • Total HBI debt is higher than 5 years ago, relative to shareholder equity.
  • HBI has a relatively high debt to equity ratio of 8.96.

Is Hanesbrands stock a Buy, Hold, or Sell?

Out of 8 Wall Street analysts who give forecasts on HBI, the consensus analyst rating on HBI is a Buy

Should I buy or sell HBI stock?

Based on 8 analysts offering ratings for Hanesbrands Inc.
Buy
Strong Buy
2 analysts 25%
Buy
1 analysts 12.5%
Hold
5 analysts 62.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Latest HBI Analyst Ratings

Paul Kearney, a bottom 47% analyst from Barclays maintains HBI with a hold rating and lowers their HBI price target from $13.00 to $11.00, on Aug 15, 2022.

Susan Anderson, a top 2% analyst from B. Riley Securities maintains HBI with a strong buy rating and lowers their HBI price target from $18.00 to $14.00, on Aug 12, 2022.

Michael Binetti, a bottom 2% analyst from Credit Suisse maintains HBI with a buy rating and lowers their HBI price target from $15.00 to $13.00, on Aug 12, 2022.

Omar Saad, a bottom 21% analyst from Evercore ISI Group downgrades HBI to a hold rating and lowers their HBI price target from $18.00 to $12.00, on Jul 13, 2022.

Ike Boruchow, a bottom 31% analyst from Wells Fargo maintains HBI with a strong buy rating and lowers their HBI price target from $18.00 to $13.00, on Jul 7, 2022.

You can dig deeper into what analysts are forecasting on the Hanesbrands stock forecast page.

HBI Trading Indicators

SMA10
7.5
SMA20
8.09
SMA50
9.35
SMA100
10.22
SMA200
12.72
MACD
-0.54
MACD Signal
-0.58
MACD Histogram
0.04
RSI
42.63
Stochastic %K
32.22
Stochastic %D
18.19
StochRSI %K
80.94
StochRSI %D
48.32

HBI Performance Metrics

Last year, HBI earnings were $422.61M. Over the past 5 year, HBI's earnings have gone up by -4.74% per year. This was slower than the Apparel Manufacturing industry average of 62.99%.

Last year, HBI revenue was $6.63B. Over the last 5 year, HBI's revenue has increased by 0.83% per year. This was slower than the Apparel Manufacturing industry average of 4.6%.

Dive into HBI's earnings and revenue performance here.

Latest Insiders Trades at HBI

Over the past 12 months, executives and large shareholders at HBI have bought more shares than they have sold.

Tracy M. Preston, GC Corp Sec and CCO of HBI, was the latest HBI insider to buy. They bought $28,065.00 worth of HBI shares on Sep 12, 2022.

Research more about who owns HBI shares here.

Can I rely on HBI as an income stream?

Hanesbrands pays a dividend of 7.67%, compared to the Apparel Manufacturing industry's average dividend yield of 4.1%. If you owned $1,000 of HBI stock, you would have received $76.73 last year.

Hanesbrands dividend payments have consistently grown over the past decade and have remained stable.

Get more analysis about Hanesbrands dividend yield and history here.

HBI Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your HBI buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, use a limit order.

Click the Open button and eToro will place your order.

If you need more help buying stocks on eToro, click the helpful video below:

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Step 6: Keep an eye on your HBI position

Now that you own some HBI stock, you'll want to keep up with your new investment.

Make a watchlist to track the latest developments regarding your HBI stock.

HBI Feed

How to Buy Stock in Hanesbrands

To summarize, here are the 6 steps you need to take to buy Hanesbrands stock right now:

  1. Decide where to buy Hanesbrands stock
  2. Create a brokerage account
  3. Fund your investment account
  4. Evaluate Hanesbrands stock
  5. Execute your HBI buy order
  6. Keep an eye on your HBI position

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today

If you would like to get the latest news on your new investment in Hanesbrands, add HBI to your watchlist below.

NYSE: HBI
$7.82+0.22 (+2.89%)
Updated Oct 5, 2022
Open eToro Account
NYSE: HBI
$7.82+0.22 (+2.89%)
Updated Oct 5, 2022
Open eToro Account

FAQ

How much does it cost to buy one Hanesbrands share?

As of Oct 5, 2022, it costs $7.82 to buy one share of Hanesbrands stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.384 shares of HBI.

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Is now a good time to buy Hanesbrands stock?

According to 8 Wall Street analysts who monitor Hanesbrands, their consensus recommendation is to buy Hanesbrands stock.

What is the best way to buy Hanesbrands stock?

The best way to buy Hanesbrands stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.