Research analysts at Deutsche Bank AG started coverage on shares of Hanesbrands Inc. (NYSE:HBI) in a research report issued on Monday. The brokerage set a “buy” rating and a $29.00 price target on the textile maker’s stock. Deutsche Bank AG’s price target suggests a potential upside of 26.86% from the stock’s previous close.

A number of other research analysts also recently issued reports on HBI. BidaskClub downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Buckingham Research reiterated a “buy” rating and set a $30.00 price target on shares of Hanesbrands in a research note on Monday, July 17th. Finally, Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the stock a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Hanesbrands has a consensus rating of “Buy” and a consensus price target of $27.37.

Hanesbrands (NYSE HBI) traded down 2.68% during trading on Monday, reaching $22.86. 7,411,281 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $22.89. Hanesbrands has a 12 month low of $18.91 and a 12 month high of $27.07. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 14.98 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts anticipate that Hanesbrands will post $1.99 EPS for the current year.

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In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the business. Advisors Capital Management LLC raised its holdings in shares of Hanesbrands by 7.5% in the 3rd quarter. Advisors Capital Management LLC now owns 365,049 shares of the textile maker’s stock valued at $8,995,000 after acquiring an additional 25,494 shares in the last quarter. BB&T Corp raised its holdings in shares of Hanesbrands by 11.0% during the 3rd quarter. BB&T Corp now owns 622,807 shares of the textile maker’s stock valued at $15,346,000 after buying an additional 61,696 shares in the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Hanesbrands by 11.0% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 35,116 shares of the textile maker’s stock valued at $865,000 after buying an additional 3,485 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Hanesbrands by 8.5% during the 3rd quarter. APG Asset Management N.V. now owns 556,563 shares of the textile maker’s stock valued at $13,714,000 after buying an additional 43,500 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Hanesbrands by 1.6% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 243,694 shares of the textile maker’s stock valued at $6,005,000 after buying an additional 3,825 shares in the last quarter. 94.53% 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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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