Hanesbrands’ (HBI) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Hanesbrands (NYSE:HBI) in a research report released on Friday,Benzinga reports. Stifel Nicolaus currently has a $7.00 price target on the textile maker’s stock, down from their prior price target of $8.00.

Several other analysts have also recently issued reports on HBI. Barclays increased their target price on Hanesbrands from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $11.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.10.

Hanesbrands Stock Down 6.0 %

HBI opened at $5.88 on Friday. The stock’s fifty day moving average is $8.15 and its two-hundred day moving average is $7.44. Hanesbrands has a 52 week low of $4.06 and a 52 week high of $9.10. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49.

Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. As a group, analysts predict that Hanesbrands will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Hanesbrands

A number of institutional investors have recently made changes to their positions in HBI. GeoWealth Management LLC boosted its position in shares of Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock worth $28,000 after purchasing an additional 3,327 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after purchasing an additional 1,594 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after purchasing an additional 2,712 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Hanesbrands in the 4th quarter worth $45,000. Finally, WFA Asset Management Corp acquired a new stake in shares of Hanesbrands in the 4th quarter worth $46,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

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.