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

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

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

Hanesbrands Stock Down 6.0 %

HBI opened at $5.88 on Friday. 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 has a fifty-two week low of $4.06 and a fifty-two week high of $9.10. The firm’s fifty day moving average is $8.15 and its 200 day moving average is $7.46. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -8.90 and a beta of 1.63.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $888.47 million for the quarter, compared to the consensus estimate of $899.30 million. Hanesbrands had a negative net margin of 5.24% and a positive return on equity of 44.72%. On average, sell-side analysts forecast that Hanesbrands will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Hanesbrands in the fourth quarter worth $90,000. Northern Trust Corp increased its stake in shares of Hanesbrands by 14.4% in the fourth quarter. Northern Trust Corp now owns 4,171,933 shares of the textile maker’s stock worth $33,960,000 after acquiring an additional 524,716 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Hanesbrands in the fourth quarter worth $888,000. Quarry LP acquired a new stake in shares of Hanesbrands in the fourth quarter worth $107,000. Finally, Aquatic Capital Management LLC purchased a new stake in Hanesbrands during the fourth quarter worth $1,015,000. Institutional investors and hedge funds own 80.31% of the company’s stock.

Hanesbrands Company Profile

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.