Hanesbrands Given “Overweight” Rating at Barclays (HBI)
Hanesbrands (NYSE:HBI)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a report issued on Thursday. They currently have a $115.00 price target on the stock, up from their previous price target of $90.00. Barclays’ target price points to a potential upside of 18.90% from the stock’s previous close.
Hanesbrands (NYSE:HBI) traded up 0.28% during mid-day trading on Thursday, hitting $96.99. The stock had a trading volume of 382,299 shares. Hanesbrands has a 52-week low of $50.77 and a 52-week high of $98.70. The stock’s 50-day moving average is $84.94 and its 200-day moving average is $75.76. The company has a market cap of $9.658 billion and a price-to-earnings ratio of 30.72.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Hanesbrands will post $4.99 earnings per share for the current fiscal year.
A number of other firms have also recently commented on HBI. Analysts at DA Davidson raised their price target on shares of Hanesbrands from $89.00 to $100.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Brean Capital upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $110.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $90.91.
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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