Hanesbrands Inc. (NYSE:HBI) had its price objective dropped by equities research analysts at Barclays PLC from $31.00 to $26.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the textile maker’s stock.

A number of other research firms have also recently commented on HBI. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Nomura cut Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Thursday, September 21st. Instinet cut Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Thursday, September 21st. FBR & Co reissued a “buy” rating and issued a $33.00 price target on shares of Hanesbrands in a report on Thursday, September 21st. Finally, UBS AG reissued a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Hanesbrands in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.13.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm earned $0.56 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Hanesbrands by 0.8% during the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after purchasing an additional 174,498 shares during the last quarter. State Street Corp increased its position in shares of Hanesbrands by 0.9% during the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after purchasing an additional 136,465 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Hanesbrands by 2.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 10,113,900 shares of the textile maker’s stock valued at $234,238,000 after purchasing an additional 260,820 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Hanesbrands by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 5,808,161 shares of the textile maker’s stock valued at $134,518,000 after purchasing an additional 1,760,614 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in shares of Hanesbrands by 1.2% during the 2nd quarter. TimesSquare Capital Management LLC now owns 3,129,600 shares of the textile maker’s stock valued at $72,482,000 after purchasing an additional 37,350 shares during the last quarter. 94.80% 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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