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Hanesbrands (NYSE:HBI) traded up 8.8% on Wednesday after Brean Capital upgraded the stock from a hold rating to a buy rating, AnalystRatings.NET reports. Brean Capital now has a $110.00 price target on the stock. Hanesbrands traded as high as $98.70 and last traded at $96.30, with a volume of 1,483,491 shares trading hands. The stock had previously closed at $88.54.

A number of other firms have also recently commented on HBI. Analysts at FBR Capital Markets raised their price target on shares of Hanesbrands from $88.00 to $100.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note on Friday, May 30th. They now have a $101.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Hanesbrands from $88.00 to $90.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $86.64.

The stock has a 50-day moving average of $84.5 and a 200-day moving average of $75.61. The company has a market cap of $9.578 billion and a P/E ratio of 28.13.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.18. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.51 earnings per share. Hanesbrands’s revenue was up 12.0% compared to the same quarter last year. On average, analysts predict that Hanesbrands will post $4.98 earnings per share for the current fiscal year.

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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