Hanesbrands Given Consensus Rating of “Buy” by Analysts (NYSE:HBI)
Shares of Hanesbrands (NYSE:HBI) have earned an average rating of “Buy” from the thirteen analysts that are currently covering the stock, Analyst Ratings Network.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $95.45.
A number of analysts have recently weighed in on HBI shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Hanesbrands in a research note on Monday, June 30th. They now have a $113.00 price target on the stock, up previously from $87.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Hanesbrands in a research note on Thursday, June 26th. They now have a $115.00 price target on the stock, up previously from $90.00. Finally, analysts at DA Davidson raised their price target on shares of Hanesbrands from $89.00 to $100.00 in a research note on Thursday, June 26th. They now have a “neutral” rating on the stock.
In other Hanesbrands news, CEO Richard A. Noll sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $96.98, for a total transaction of $2,909,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Hanesbrands (NYSE:HBI) opened at 97.28 on Wednesday. Hanesbrands has a one year low of $51.96 and a one year high of $99.99. The stock has a 50-day moving average of $91.77 and a 200-day moving average of $79.10. The company has a market cap of $9.687 billion and a P/E ratio of 30.53.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, April 24th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter 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.
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.