Hanesbrands Inc. (HBI) Given Average Recommendation of “Hold” by Analysts

Hanesbrands Inc. (NYSE:HBI) has received an average recommendation of “Hold” from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.96.

Several equities analysts have issued reports on HBI shares. Nomura lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 21st. Instinet lowered Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 21st. FBR & Co reaffirmed a “buy” rating and set a $33.00 price objective on shares of Hanesbrands in a report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective on shares of Hanesbrands in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, October 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBI. HAP Trading LLC boosted its holdings in Hanesbrands by 180.8% in the 3rd quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock valued at $319,000 after purchasing an additional 28,934 shares in the last quarter. Guardian Capital LP purchased a new stake in Hanesbrands in the 3rd quarter valued at approximately $9,494,000. Victory Capital Management Inc. boosted its holdings in Hanesbrands by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock valued at $17,199,000 after purchasing an additional 30,202 shares in the last quarter. Northern Capital Management LLC purchased a new stake in Hanesbrands in the 3rd quarter valued at approximately $3,816,000. Finally, Allianz Asset Management GmbH boosted its holdings in Hanesbrands by 1,429.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock valued at $8,823,000 after purchasing an additional 334,661 shares in the last quarter. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

Hanesbrands (NYSE:HBI) traded up $0.06 during trading on Friday, reaching $22.00. The company’s stock had a trading volume of 6,052,700 shares, compared to its average volume of 5,015,225. The firm has a market capitalization of $8,080.00, a PE ratio of 13.58, a PEG ratio of 1.17 and a beta of 0.72. Hanesbrands has a one year low of $18.90 and a one year 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.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.80 billion for 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%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. analysts anticipate that Hanesbrands will post 1.94 earnings per share for the current year.

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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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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