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

Shares of Hanesbrands Inc. (NYSE:HBI) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.80.

Several research firms have weighed in on HBI. Barclays boosted their price target 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. UBS Group increased their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Finally, Stifel Nicolaus lifted their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th.

Institutional Trading of Hanesbrands

Several large investors have recently modified their holdings of the business. Rothschild Investment LLC purchased a new stake in Hanesbrands in the 2nd quarter worth approximately $39,000. Blue Trust Inc. raised its holdings in shares of Hanesbrands by 42.3% during the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,594 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Hanesbrands in the second quarter worth $51,000. Whittier Trust Co. bought a new stake in Hanesbrands in the third quarter valued at $51,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Hanesbrands during the 2nd quarter valued at $55,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Price Performance

Shares of Hanesbrands stock opened at $8.00 on Friday. The firm has a market capitalization of $2.81 billion, a PE ratio of -9.41 and a beta of 1.58. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. Hanesbrands has a 12 month low of $3.58 and a 12 month high of $8.70. The business’s 50-day moving average price is $7.01 and its 200-day moving average price is $5.87.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to analysts’ expectations of $936.47 million. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Sell-side analysts forecast that Hanesbrands will post 0.34 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.