Hanesbrands Inc. (NYSE:HBI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

HBI has been the topic of a number of other reports. BidaskClub downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday. Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 target price on the stock. in a research note on Wednesday, April 19th. FBR & Co reaffirmed a “buy” rating on shares of Hanesbrands in a research note on Saturday, April 15th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Hanesbrands in a research note on Tuesday, March 28th. They set a “neutral” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Hanesbrands has a consensus rating of “Buy” and a consensus price target of $27.79.

Hanesbrands (NYSE:HBI) traded up 1.78% during mid-day trading on Thursday, reaching $22.93. 2,756,785 shares of the company were exchanged. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $28.24. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 16.56 and a beta of 0.74. The company has a 50 day moving average of $21.64 and a 200-day moving average of $21.44. Hanesbrands also saw unusually large options trading activity on Wednesday. Stock investors bought 4,506 put options on the company. This is an increase of 724% compared to the average volume of 547 put options.

Hanesbrands (NYSE:HBI) last issued its earnings results on Tuesday, May 2nd. The textile maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Hanesbrands had a net margin of 8.56% and a return on equity of 65.05%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. On average, equities research analysts forecast that Hanesbrands will post $1.98 EPS for the current year.

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In related news, insider W Howard Upchurch, Jr. sold 55,850 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the sale, the insider now directly owns 579,663 shares of the company’s stock, valued at approximately $13,274,282.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John T. Marsh sold 11,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $22.57, for a total transaction of $250,527.00. The disclosure for this sale can be found here. Insiders sold a total of 152,438 shares of company stock worth $3,450,467 over the last three months. Insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Hanesbrands by 3,104.9% in the first quarter. BlackRock Inc. now owns 22,875,894 shares of the textile maker’s stock valued at $474,903,000 after buying an additional 22,162,112 shares during the last quarter. Norges Bank acquired a new stake in shares of Hanesbrands during the fourth quarter valued at $67,992,000. OMERS ADMINISTRATION Corp increased its stake in shares of Hanesbrands by 98.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,673,506 shares of the textile maker’s stock valued at $117,782,000 after buying an additional 2,820,380 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of Hanesbrands during the first quarter valued at $55,007,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Hanesbrands by 19.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,936,667 shares of the textile maker’s stock valued at $330,846,000 after buying an additional 2,544,916 shares during the last quarter. 93.65% of the stock is currently owned by hedge funds and other institutional investors.

About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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