Hanesbrands Inc. (NYSE:HBI) Receives $5.80 Consensus Target Price from Brokerages

Hanesbrands Inc. (NYSE:HBI - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.80.

HBI has been the topic of several recent analyst reports. UBS Group boosted their price target on Hanesbrands from $5.00 to $6.50 and gave the company a "neutral" rating in a research note on Tuesday, August 27th. Barclays increased their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. Finally, Stifel Nicolaus lifted their price target on shares of Hanesbrands from $4.50 to $6.00 and gave the company a "hold" rating in a research note on Monday, August 12th.

Hanesbrands Trading Down 4.5 %

Shares of HBI traded down $0.38 during trading hours on Friday, hitting $8.00. 9,634,759 shares of the stock were exchanged, compared to its average volume of 4,868,863. Hanesbrands has a fifty-two week low of $3.58 and a fifty-two week high of $8.70. The business has a 50-day moving average of $7.01 and a 200-day moving average of $5.88. The firm has a market capitalization of $2.81 billion, a P/E ratio of -12.12 and a beta of 1.58. The company has a debt-to-equity ratio of 50.06, a current ratio of 1.46 and a quick ratio of 0.86.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The firm had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. During the same period last year, the business posted $0.10 EPS. The business's revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that Hanesbrands will post 0.34 EPS for the current year.

Institutional Trading of Hanesbrands

Hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC bought a new stake in Hanesbrands during the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its holdings in Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock worth $39,000 after buying an additional 1,594 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Hanesbrands in the 2nd quarter valued at $51,000. Whittier Trust Co. bought a new position in Hanesbrands during the 3rd quarter valued at $51,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Hanesbrands during the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.