Hanesbrands Given New $74.00 Price Target at DA Davidson (HBI)
Analysts at DA Davidson hoisted their price target on shares of Hanesbrands (NYSE:HBI) from $68.00 to $74.00 in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential upside of 9.45% from the stock’s previous close.
Shares of Hanesbrands (NYSE:HBI) traded down 0.75% on Friday, hitting $67.61. 1,162,980 shares of the company’s stock traded hands. Hanesbrands has a 52-week low of $31.17 and a 52-week high of $69.35. The stock has a 50-day moving average of $62. and a 200-day moving average of $56.27. The company has a market cap of $6.694 billion and a price-to-earnings ratio of 18.96.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.10. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that Hanesbrands will post $3.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 3rd. Stockholders of record on Friday, November 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 6th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note to investors on Friday. They now have a $82.00 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Hanesbrands from $70.00 to $80.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of Hanesbrands from $69.00 to $73.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $71.78.
Hanesbrands Inc is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Stedman, Zorba, Rinbros, Sol y Oro, Outer Banks and Duofold.
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