Hanesbrands Price Target Increased to $84.00 by Analysts at FBR Capital Markets (HBI)
Stock analysts at FBR Capital Markets lifted their price objective on shares of Hanesbrands (NYSE:HBI) from $75.00 to $84.00 in a report issued on Tuesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would suggest a potential upside of 22.09% from the company’s current price.
Shares of Hanesbrands (NYSE:HBI) traded down 0.51% during mid-day trading on Tuesday, hitting $68.80. The stock had a trading volume of 544,365 shares. Hanesbrands has a 52 week low of $35.51 and a 52 week high of $71.80. The stock has a 50-day moving average of $69.18 and a 200-day moving average of $62.75. The company has a market cap of $6.819 billion and a P/E ratio of 18.53.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.11 earnings per share. Hanesbrands’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that Hanesbrands will post $3.83 earnings per share for the current fiscal year.
HBI has been the subject of a number of other recent research reports. Analysts at Ned Davis Research downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Brean Capital initiated coverage on shares of Hanesbrands in a research note to investors on Thursday, December 12th. They set a “hold” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note to investors on Thursday, December 12th. They now have a $81.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $74.13.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.