Stifel Nicolaus Reiterates Hold Rating for Hanesbrands (NYSE:HBI)

Stifel Nicolaus restated their hold rating on shares of Hanesbrands (NYSE:HBI - Free Report) in a research report report published on Friday,Benzinga reports. They currently have a $7.00 target price on the textile maker's stock, down from their prior target price of $8.00.

A number of other equities analysts have also recently weighed in on HBI. Barclays lifted their price target on Hanesbrands from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. UBS Group upgraded Hanesbrands from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.10.

Hanesbrands Trading Up 3.8 %

HBI traded up $0.23 during trading on Friday, reaching $6.11. The company had a trading volume of 12,191,091 shares, compared to its average volume of 6,459,680. The firm's 50-day simple moving average is $8.10 and its 200 day simple moving average is $7.46. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -9.25 and a beta of 1.63. Hanesbrands has a 12-month low of $4.16 and a 12-month high of $9.10. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $888.47 million for the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Equities research analysts anticipate that Hanesbrands will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert F. Moran purchased 74,850 shares of Hanesbrands stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the acquisition, the director now directly owns 216,373 shares in the company, valued at $1,300,401.73. This represents a 52.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Hanesbrands

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in shares of Hanesbrands by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock valued at $498,000 after buying an additional 1,277 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Hanesbrands by 42.3% during the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker's stock valued at $39,000 after buying an additional 1,594 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after buying an additional 1,895 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Hanesbrands by 3.5% during the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock valued at $462,000 after buying an additional 1,900 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Hanesbrands by 4.3% in the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock valued at $381,000 after acquiring an additional 1,944 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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.