Hanesbrands Inc. (NYSE:HBI) Given Consensus Rating of “Hold” by Brokerages

by · The Markets Daily

Hanesbrands Inc. (NYSE:HBI – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.60.

HBI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hanesbrands in a report on Wednesday, October 8th. Citigroup lifted their price target on shares of Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd.

Get Our Latest Stock Analysis on Hanesbrands

Hanesbrands Stock Up 2.8%

Shares of HBI opened at $6.65 on Friday. Hanesbrands has a 52-week low of $3.96 and a 52-week high of $8.98. The company has a market capitalization of $2.35 billion, a PE ratio of 7.23 and a beta of 1.50. The stock has a fifty day simple moving average of $6.60 and a two-hundred day simple moving average of $6.09. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 4.94.

Hanesbrands (NYSE:HBI – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The textile maker reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Hanesbrands had a net margin of 9.34% and a return on equity of 129.43%. The firm had revenue of $891.68 million for the quarter, compared to analyst estimates of $905.37 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Hanesbrands will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Hanesbrands

Several large investors have recently modified their holdings of HBI. Brandes Investment Partners LP lifted its stake in Hanesbrands by 51.2% during the 2nd quarter. Brandes Investment Partners LP now owns 12,423,152 shares of the textile maker’s stock worth $56,898,000 after acquiring an additional 4,205,103 shares in the last quarter. Barington Capital Group L.P. grew its position in Hanesbrands by 31.5% in the 2nd quarter. Barington Capital Group L.P. now owns 2,502,100 shares of the textile maker’s stock valued at $11,460,000 after acquiring an additional 599,600 shares in the last quarter. Assetmark Inc. increased its stake in Hanesbrands by 146.6% during the second quarter. Assetmark Inc. now owns 417,837 shares of the textile maker’s stock worth $1,914,000 after purchasing an additional 248,423 shares during the period. Elo Mutual Pension Insurance Co acquired a new stake in shares of Hanesbrands during the second quarter worth about $450,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Hanesbrands by 6,200.0% in the second quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker’s stock valued at $260,000 after purchasing an additional 55,800 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Company Profile

(Get Free Report)

Hanesbrands Inc is a leading global apparel company specializing in everyday basics and activewear. The company’s product portfolio encompasses underwear, bras, socks, hosiery, T-shirts, and performance apparel under well-known brands such as Hanes, Champion, Playtex, DIM, Maidenform, and Bonds. Through a combination of trusted brand equity and a focus on comfort, fit, and quality, Hanesbrands serves a broad consumer base across multiple demographic segments.

Established in 2006 following its spin-off from the Sara Lee Corporation, Hanesbrands has grown through strategic acquisitions and organic expansion.

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