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

Shares of Hanesbrands Inc. (NYSE:HBI) 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.

Hedge Funds Weigh In On Hanesbrands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its position in Hanesbrands by 13.9% in the 4th quarter. Victory Capital Management Inc. now owns 70,684 shares of the textile maker’s stock worth $315,000 after purchasing an additional 8,605 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Hanesbrands by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,040,749 shares of the textile maker’s stock worth $18,022,000 after buying an additional 174,055 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hanesbrands by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock valued at $25,642,000 after acquiring an additional 632,865 shares during the period. Avantax Advisory Services Inc. bought a new position in Hanesbrands during the fourth quarter valued at about $100,000. Finally, Independent Advisor Alliance raised its holdings in Hanesbrands by 33.4% in the 4th quarter. Independent Advisor Alliance now owns 13,488 shares of the textile maker’s stock valued at $60,000 after acquiring an additional 3,378 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

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) 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.