Research analysts at Credit Suisse Group initiated coverage on shares of Hanesbrands (NYSE:HBI) in a note issued to investors on Monday. The firm set a “neutral” rating and a $21.00 price target on the textile maker’s stock. Credit Suisse Group’s price target points to a potential upside of 4.22% from the stock’s current price.
HBI has been the topic of a number of other reports. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Friday, February 9th. Barclays boosted their price target on shares of Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Finally, Citigroup dropped their price target on shares of Hanesbrands from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.12.
Shares of Hanesbrands (NYSE:HBI) traded up $0.14 during trading hours on Monday, reaching $20.15. 4,277,774 shares of the company traded hands, compared to its average volume of 7,041,352. The company has a market cap of $7,210.00, a P/E ratio of 14.29, a PEG ratio of 1.26 and a beta of 0.80. Hanesbrands has a 12-month low of $18.57 and a 12-month high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90.
In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Engine Capital Management LLC acquired a new position in shares of Hanesbrands in the 3rd quarter worth approximately $106,000. Tiedemann Wealth Management LLC increased its position in shares of Hanesbrands by 12.4% in the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,787 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Hanesbrands in the fourth quarter worth approximately $134,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Hanesbrands in the fourth quarter worth approximately $134,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Hanesbrands in the third quarter worth approximately $138,000. 98.68% of the stock is currently owned by institutional investors.
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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