Wall Street analysts predict that Hanesbrands Inc. (NYSE:HBI) will report $1.63 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hanesbrands’ earnings, with estimates ranging from $1.61 billion to $1.64 billion. Hanesbrands reported sales of $1.58 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is expected to issue its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Hanesbrands will report full-year sales of $1.63 billion for the current year, with estimates ranging from $6.43 billion to $6.47 billion. For the next financial year, analysts expect that the firm will report sales of $6.62 billion per share, with estimates ranging from $6.49 billion to $6.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hanesbrands.

Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. Hanesbrands’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share.

A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a report on Tuesday, September 26th. Oppenheimer reaffirmed a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Morgan Stanley decreased their price target on Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. UBS Group downgraded Hanesbrands from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Finally, FBR & Co reaffirmed a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Hanesbrands has an average rating of “Hold” and an average target price of $25.63.

A number of hedge funds have recently modified their holdings of the stock. Engine Capital Management LLC acquired a new position in Hanesbrands during the 3rd quarter worth approximately $106,000. QS Investors LLC increased 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 purchasing an additional 140 shares during the period. Tiedemann Wealth Management LLC increased its position in Hanesbrands by 12.4% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,787 shares during the period. Valeo Financial Advisors LLC acquired a new position in Hanesbrands during the 3rd quarter worth approximately $138,000. Finally, Archford Capital Strategies LLC increased its position in Hanesbrands by 283.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after purchasing an additional 1,247 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Hanesbrands (NYSE:HBI) traded down $0.32 during trading hours on Wednesday, reaching $22.10. The company had a trading volume of 5,386,000 shares, compared to its average volume of 4,834,330. The stock has a market capitalization of $8,100.00, a price-to-earnings ratio of 13.64, a PEG ratio of 1.20 and a beta of 0.72. Hanesbrands has a 52-week low of $18.90 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.85 and a current ratio of 1.88.

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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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