Hanesbrands Reaches New 52-Week High at $107.87 (HBI)
Hanesbrands (NYSE:HBI) hit a new 52-week high on Thursday , Analyst Ratings Network reports. The stock traded as high as $107.87 and last traded at $107.32, with a volume of 562,803 shares. The stock had previously closed at $104.65.
HBI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Hanesbrands in a research note on Friday, July 25th. They now have a $121.00 price target on the stock, up previously from $113.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Hanesbrands in a research note on Friday, July 25th. They now have a $121.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Hanesbrands in a research note on Thursday, July 24th. They now have a $110.00 price target on the stock, up previously from $85.00. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Hanesbrands presently has an average rating of “Buy” and a consensus price target of $102.36.
The stock’s 50-day moving average is $99.76 and its 200-day moving average is $86.29. The company has a market cap of $10.650 billion and a price-to-earnings ratio of 30.16.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.49 by $0.22. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.19 earnings per share. Hanesbrands’s revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Hanesbrands will post $5.44 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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