Hanesbrands Inc. (NYSE:HBI) Receives Consensus Rating of “Hold” from Analysts

Shares of Hanesbrands Inc. (NYSE:HBI) have earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.80.

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

Hanesbrands Price Performance

NYSE:HBI opened at $7.08 on Wednesday. The company has a 50-day moving average of $6.77 and a 200-day moving average of $5.66. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -118.00 and a beta of 1.58. Hanesbrands has a 52 week low of $3.58 and a 52 week high of $7.57. 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 released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $995.40 million during the quarter, compared to the consensus estimate of $1.35 billion. Hanesbrands had a negative net margin of 6.02% and a positive return on equity of 33.23%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. As a group, equities research analysts anticipate that Hanesbrands will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Hanesbrands

A number of hedge funds and other institutional investors have recently modified their holdings of HBI. Concord Wealth Partners increased its holdings in shares of Hanesbrands by 220.3% in the first quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 3,618 shares in the last quarter. Tradewinds Capital Management LLC acquired a new stake in shares of Hanesbrands in the first quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new stake in shares of Hanesbrands in the second quarter valued at approximately $39,000. Blue Trust Inc. increased its holdings in shares of Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Hanesbrands in the first quarter valued at approximately $41,000. 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.