Analysts Set Hanesbrands Inc. (NYSE:HBI) Price Target at $5.80

Hanesbrands Inc. (NYSE:HBI) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several research analysts recently commented on HBI shares. 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. Stifel Nicolaus upped 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. Finally, Barclays raised their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday.

Hanesbrands Stock Up 1.0 %

Hanesbrands stock opened at $7.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 21.50. The firm has a market cap of $2.81 billion, a P/E ratio of -12.09 and a beta of 1.58. The business has a fifty day moving average of $7.07 and a two-hundred day moving average of $5.93. Hanesbrands has a twelve month low of $3.58 and a twelve month high of $8.70.

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

Hedge Funds Weigh In On Hanesbrands

Hedge funds have recently made changes to their positions in the company. Loews Corp grew its stake in Hanesbrands by 108.7% during the 2nd quarter. Loews Corp now owns 29,197,796 shares of the textile maker’s stock valued at $143,945,000 after purchasing an additional 15,206,007 shares during the last quarter. Vanguard Group Inc. boosted its position in Hanesbrands by 3.5% in the first quarter. Vanguard Group Inc. now owns 40,265,899 shares of the textile maker’s stock valued at $233,542,000 after buying an additional 1,362,140 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,661,235 shares of the textile maker’s stock worth $32,836,000 after buying an additional 1,024,308 shares during the period. Squarepoint Ops LLC lifted its stake in Hanesbrands by 193.4% during the 2nd quarter. Squarepoint Ops LLC now owns 834,104 shares of the textile maker’s stock valued at $4,112,000 after acquiring an additional 549,855 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Hanesbrands in the 1st quarter valued at $3,065,000. 80.31% of the stock is 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.