Hanesbrands Inc. (NYSE:HBI) Given Average Recommendation of “Hold” by Brokerages

Hanesbrands Inc. (NYSE:HBI) has been given an average recommendation of “Hold” by the five brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.80.

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Hanesbrands from $4.50 to $6.00 and gave the company a “hold” rating in a report on Monday, August 12th. Barclays raised their target price on Hanesbrands from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Wedbush restated a “neutral” rating and issued a $5.00 target price on shares of Hanesbrands in a research note on Thursday, June 6th. Finally, UBS Group raised their target price on Hanesbrands from $5.00 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, August 27th.

Hanesbrands Stock Up 0.4 %

Shares of NYSE HBI opened at $6.90 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of -115.00 and a beta of 1.57. The business has a fifty day moving average of $6.16 and a two-hundred day moving average of $5.41. Hanesbrands has a 52-week low of $3.54 and a 52-week high of $7.06. The company has a debt-to-equity ratio of 50.06, a quick ratio of 0.86 and a current ratio of 1.46.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $995.40 million during the quarter, compared to analysts’ expectations of $1.35 billion. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned ($0.01) earnings per share. As a group, equities research analysts expect that Hanesbrands will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Hanesbrands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBI. Victory Capital Management Inc. increased its position in Hanesbrands by 13.9% in the fourth quarter. Victory Capital Management Inc. now owns 70,684 shares of the textile maker’s stock worth $315,000 after purchasing an additional 8,605 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hanesbrands by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,040,749 shares of the textile maker’s stock worth $18,022,000 after buying an additional 174,055 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hanesbrands by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,749,433 shares of the textile maker’s stock worth $25,642,000 after buying an additional 632,865 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Hanesbrands during the 4th quarter worth about $100,000. Finally, Independent Advisor Alliance grew its position in shares of Hanesbrands by 33.4% during the 4th quarter. Independent Advisor Alliance now owns 13,488 shares of the textile maker’s stock worth $60,000 after buying an additional 3,378 shares during the period. 80.31% of the stock is currently owned by institutional investors and hedge funds.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.