Hanesbrands Inc. (NYSE:HBI) Receives $5.80 Average Price Target from Brokerages

Hanesbrands Inc. (NYSE:HBI) has earned a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of research firms have issued reports on HBI. UBS Group lifted their price target on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Stifel Nicolaus upped their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 12th.

Hanesbrands Price Performance

Shares of NYSE:HBI opened at $7.90 on Friday. Hanesbrands has a twelve month low of $3.58 and a twelve month high of $8.70. The stock’s 50 day moving average is $7.10 and its 200-day moving average is $5.94. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -11.95 and a beta of 1.58.

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

Institutional Investors Weigh In On Hanesbrands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Hanesbrands by 42.3% in 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 last quarter. Whittier Trust Co. bought a new stake in Hanesbrands during the third quarter worth $51,000. Rothschild Investment LLC purchased a new position in Hanesbrands in the second quarter worth $39,000. Intech Investment Management LLC bought a new position in Hanesbrands in the 2nd quarter valued at $51,000. Finally, Norden Group LLC purchased a new stake in shares of Hanesbrands during the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

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.