Hanesbrands Inc. (NYSE:HBI) Receives Consensus Rating of “Hold” from Brokerages

Hanesbrands Inc. (NYSE:HBI) has earned an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.00.

HBI has been the topic of a number of research reports. Barclays boosted their target price on shares of Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday. Stifel Nicolaus increased their price objective on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. Finally, UBS Group lifted their target price on Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, August 27th.

Hanesbrands Stock Performance

HBI opened at $7.90 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. Hanesbrands has a 12-month low of $3.58 and a 12-month high of $8.70. The business has a 50 day moving average of $7.10 and a 200-day moving average of $5.94. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -11.95 and a beta of 1.58.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million during the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. On average, equities research analysts expect that Hanesbrands will post 0.39 earnings per share for the current year.

Institutional Trading of Hanesbrands

A number of large investors have recently bought and sold shares of HBI. Blue Trust Inc. grew its position 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 worth $39,000 after buying an additional 1,594 shares during the period. Whittier Trust Co. acquired a new stake in Hanesbrands in the third quarter worth $51,000. Rothschild Investment LLC bought a new stake in Hanesbrands in the second quarter valued at $39,000. Intech Investment Management LLC bought a new stake in Hanesbrands in the second quarter valued at $51,000. Finally, Norden Group LLC acquired a new position in shares of Hanesbrands during the first quarter valued at about $60,000. 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.