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How to Buy Hanesbrands Stock

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 $5.80, up 3.57% from the previous day, and has increased 13.73% in one year. It has underperformed other stocks in the Apparel Manufacturing industry by 0.09 percentage points. Hanesbrands stock is currently +63.84% from its 52-week low of $3.54, and -1.02% from its 52-week high of $5.86.

At the moment, there are 351.09M HBI shares outstanding. The market cap of HBI is $2.04B. In the past 24 hours, 5.94M HBI shares were traded.

How to Buy Hanesbrands Stock

Not sure how to invest in Hanesbrands stock? Here's how.
  1. Decide where to buy Hanesbrands stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Hanesbrands stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Pick your payment method and add your details.
  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 figure out 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 shares at a given price.
  6. Keep an eye on your HBI position: Create a watchlist to important updates regarding your position in Hanesbrands stock.

Step 1: Decide where to buy Hanesbrands stock

You need an online brokerage account in order to access the NYSE market and buy HBI stock.

A brokerage account allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've picked the right brokerage, you need to fill out some personal info so you are able to buy HBI today.

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  1. Click here to get started.
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  2. Enter your personal info to start your new brokerage account.
  1. Submit your data by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you have created your account on app for stock market, you need to deposit funds:

Watch the walkthrough below to see the process of transferring funds into your new brokerage account.

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Step 4: Evaluate Hanesbrands stock

Once you have identified the best place to buy Hanesbrands stock, it's absolutely critical to evaluate their stock prior to investing, so you can wrap your head around the risk as well as the upside.

Hanesbrands Numbers

HBI Price
$5.80
1w %
9.85%
1y %
13.73%
5y %
-67.27%
P/E
-116x
P/B
4.86x
P/S
0.36x
PEG
N/A
Revenue
$5.64B
Earnings
-$17.73M
Fore. Rev. Growth
-0.25%
Fore. Earn. Growth
N/A
Market Cap
$2.04B
Next Earnings
May 1, 2024
Next Dividend
N/A

Hanesbrands Fundamentals

WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.

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

What is the fair value of HBI stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge HBI's fair value.

Using relative valuations methods:

  • HBI may be overvalued based on its P/B ratio of 4.86x, relative to Apparel Manufacturing industry P/B ratio of 2.76x

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

How do HBI Financials look?

Positive Health Checks:

  • HBI profit margin has gone up from -2% to -0.3% in the past year.
  • There are more short-term assets than short-term liabilities on the HBI balance sheet.

Negative Health Checks:

  • There are more long-term liabilities than short-term assets on the HBI balance sheet.
  • HBI earnings of $250.26M is not enough to cover its interest payments.
  • HBI's operating cash flow of $561.75M allows it to safely service it's debt of $3.77B.
  • Total HBI debt is higher than 5 years ago, relative to shareholder equity.
  • HBI has a relatively high debt to equity ratio of 12.45.

Do analysts think it's a good time to buy HBI stock

Out of 2 Wall Street analysts who monitor HBI, the consensus analyst rating on HBI is a Hold

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

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

Metrics for Advanced HBI Traders

SMA10
5.47
SMA20
5.45
SMA50
4.93
SMA100
4.5
SMA200
4.57
MACD
0.17
MACD Signal
0.17
MACD Histogram
-0.01
RSI
64.51
Stochastic %K
67.88
Stochastic %D
48.34
StochRSI %K
54.16
StochRSI %D
36.05

HBI Revenue

Last year, HBI revenue was $5.64B. Over the last 5 year, HBI's revenue has grown by -3.69% per year. This was slower than the Apparel Manufacturing industry average of 2.87%.

You can research HBI's earnings and revenue performance here.

What are HBI executives and large shareholders up to?

In the last year, executives and large shareholders at HBI have sold more shares than they have bought.

Stephen B. Bratspies, Chief Executive Officer of HBI, was the latest HBI insider to sell. They sold $771,686.80 worth of HBI stock on Feb 12, 2024.

Get more info about who owns HBI shares here.

Can I rely on HBI as an income stream?

No, Hanesbrands doesn't provide an income stream by paying out dividends.

What others are saying about HBI

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Execute your HBI buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, use a limit order.

Hit the Open Trade button and your broker will execute the order.

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Step 6: Keep an eye on your HBI position

Now that you own some shares in HBI, you'll want to stay up-to-date on your company.

Start a watchlist to track your HBI stock.

HBI Feed

How to Buy Stock in Hanesbrands

To reiterate, here are the 6 steps for buying Hanesbrands stock:

  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 are looking for a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your investment in Hanesbrands, add HBI to your watchlist by clicking the button below.

NYSE: HBI
$5.80+0.20 (+3.57%)
Updated Mar 28, 2024
Open eToro Account
NYSE: HBI
$5.80+0.20 (+3.57%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hanesbrands share?

As of Mar 28, 2024, it costs $5.80 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 $2, you can buy 0.345 shares of HBI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Hanesbrands stock?

According to 2 Wall Street analysts who monitor Hanesbrands, their consensus recommendation is to hold Hanesbrands stock.

What is the best way to buy Hanesbrands stock?

One way to place an order for Hanesbrands stock is with a brokerage account.
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.