Hanesbrands Inc. (NYSE:HBI)‘s stock had its “hold” rating restated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $23.00 price objective on the textile maker’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.54% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Zacks Investment Research cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday. Barclays PLC lowered their price target on Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday. Nomura lowered their price target on Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Buckingham Research lowered their price target on Hanesbrands from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley lowered their price target on Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. Hanesbrands currently has a consensus rating of “Hold” and a consensus price target of $26.13.

Shares of Hanesbrands (NYSE:HBI) traded down $2.42 during trading hours on Friday, reaching $20.08. The company’s stock had a trading volume of 20,495,612 shares, compared to its average volume of 5,694,564. The stock has a market capitalization of $7.32 billion, a P/E ratio of 10.30 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. equities research analysts anticipate that Hanesbrands will post 1.94 earnings per share for the current year.

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In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. QS Investors LLC boosted its position in Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the last quarter. Washington Trust Bank boosted its holdings in shares of Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after buying an additional 2,000 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after buying an additional 1,247 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Hanesbrands by 19.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after buying an additional 1,062 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after buying an additional 1,333 shares during the last quarter. 94.80% of the stock is 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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