Hanesbrands Inc. (NYSE:HBI) Receives $5.60 Average Target Price from Analysts

Hanesbrands Inc. (NYSE:HBI - Get Free Report) has earned an average recommendation of "Hold" from the five research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.60.

Several equities analysts have issued reports on HBI shares. Stifel Nicolaus dropped their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of Hanesbrands from $3.00 to $4.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Barclays set a $6.00 price target on shares of Hanesbrands and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, UBS Group increased their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GeoWealth Management LLC lifted its position in Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after acquiring an additional 3,327 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock valued at $40,000 after purchasing an additional 2,712 shares in the last quarter. Transce3nd LLC bought a new stake in Hanesbrands during the fourth quarter worth $45,000. WFA Asset Management Corp purchased a new stake in Hanesbrands in the 4th quarter valued at $46,000. Finally, CX Institutional bought a new position in Hanesbrands during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 80.31% of the company's stock.

Hanesbrands Price Performance

Shares of NYSE:HBI traded up $0.25 during trading on Thursday, hitting $5.14. 2,490,374 shares of the company were exchanged, compared to its average volume of 7,102,934. The business's 50 day moving average is $5.01 and its 200-day moving average is $6.75. The company has a market capitalization of $1.81 billion, a P/E ratio of -5.58 and a beta of 1.50. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 64.28. Hanesbrands has a 1-year low of $4.02 and a 1-year high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. The business had revenue of $760.15 million during the quarter, compared to the consensus estimate of $757.42 million. During the same period in the prior year, the business posted ($0.02) earnings per share. Hanesbrands's quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Hanesbrands will post 0.53 earnings per share for the current year.

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.