Analysts Set Hanesbrands Inc. (NYSE:HBI) Target Price at $5.80

Hanesbrands Inc. (NYSE:HBI) has been given an average rating of “Hold” by the five brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.80.

Several analysts have recently weighed in on HBI shares. Wedbush reiterated a “neutral” rating and set a $5.00 target price on shares of Hanesbrands in a research report on Thursday, June 6th. Barclays upped their target price on shares of Hanesbrands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. UBS Group lifted 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, Stifel Nicolaus increased their price objective on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 12th.

Hanesbrands Price Performance

Hanesbrands stock opened at $7.29 on Friday. Hanesbrands has a 12-month low of $3.55 and a 12-month high of $7.31. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 50.06. The firm has a 50-day moving average price of $6.24 and a 200-day moving average price of $5.43. The firm has a market capitalization of $2.56 billion, a PE ratio of -121.50 and a beta of 1.57.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, August 8th. The textile maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a positive return on equity of 33.23% and a negative net margin of 6.02%. The firm had revenue of $995.40 million for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Hanesbrands will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Hanesbrands

Institutional investors have recently bought and sold shares of the business. Concord Wealth Partners boosted its position in Hanesbrands by 220.3% during the 1st quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 3,618 shares in the last quarter. Tradewinds Capital Management LLC purchased a new stake in shares of Hanesbrands during the 1st quarter worth $35,000. Hollencrest Capital Management bought a new stake in Hanesbrands during the first quarter valued at about $41,000. Future Financial Wealth Managment LLC purchased a new position in Hanesbrands in the first quarter valued at about $44,000. Finally, Rothschild Investment LLC bought a new position in Hanesbrands in the second quarter worth about $39,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

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.