Shares of Hanesbrands Inc. (NYSE:HBI – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.80.
HBI has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Barclays increased their price target on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. UBS Group boosted their price objective on shares of Hanesbrands from $5.00 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a research note on Thursday, June 6th.
Read Our Latest Research Report on Hanesbrands
Hedge Funds Weigh In On Hanesbrands
Hanesbrands Trading Up 0.6 %
NYSE:HBI opened at $6.99 on Friday. The company has a market capitalization of $2.46 billion, a P/E ratio of -116.50 and a beta of 1.57. The stock’s 50 day moving average price is $6.07 and its 200 day moving average price is $5.38. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46. Hanesbrands has a 52 week low of $3.54 and a 52 week high of $7.06.
Hanesbrands (NYSE:HBI – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The company had revenue of $995.40 million for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. Hanesbrands’s quarterly revenue was down 3.8% on a year-over-year basis. On average, research analysts forecast that Hanesbrands will post 0.35 EPS for the current fiscal year.
About Hanesbrands
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.
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