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

Hanesbrands Inc. (NYSE:HBI) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have covered the stock in the last year is $5.80.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in Hanesbrands during the third quarter worth about $785,000. Intech Investment Management LLC grew its holdings in shares of Hanesbrands by 628.2% during the third quarter. Intech Investment Management LLC now owns 74,766 shares of the textile maker’s stock worth $550,000 after purchasing an additional 64,499 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Hanesbrands by 25.9% in the third quarter. Moors & Cabot Inc. now owns 58,383 shares of the textile maker’s stock worth $429,000 after purchasing an additional 12,000 shares during the last quarter. Natixis Advisors LLC purchased a new stake in Hanesbrands in the third quarter valued at approximately $248,000. Finally, Aigen Investment Management LP bought a new stake in Hanesbrands during the third quarter valued at approximately $652,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Stock Performance

Shares of HBI stock opened at $8.00 on Friday. Hanesbrands has a 52 week low of $3.58 and a 52 week high of $8.70. The firm’s 50-day simple moving average is $7.01 and its two-hundred day simple moving average is $5.87. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -9.41 and a beta of 1.58. 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 posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $937.10 million for the quarter, compared to the consensus estimate of $936.47 million. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. Hanesbrands’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, equities analysts forecast that Hanesbrands will post 0.34 earnings per share for the current year.

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.