Hanesbrands Inc. (NYSE:HBI) Receives Average Recommendation of "Hold" from Analysts

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

HBI has been the topic of several recent research reports. UBS Group raised their price objective on Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Barclays lifted their price target on Hanesbrands from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Tuesday. Stifel Nicolaus lowered their price objective on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company lifted their target price on shares of Hanesbrands from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "buy" rating in a report on Thursday.

Hanesbrands Price Performance

Shares of HBI traded down $0.04 during midday trading on Thursday, hitting $5.03. The company's stock had a trading volume of 953,348 shares, compared to its average volume of 7,124,375. 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 one year low of $4.02 and a one year high of $9.10. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -5.47 and a beta of 1.50. The company's fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $6.81.

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

Institutional Investors Weigh In On Hanesbrands

Large investors have recently modified their holdings of the company. GeoWealth Management LLC lifted its holdings in Hanesbrands by 2,278.8% in the fourth quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker's stock valued at $28,000 after buying an additional 3,327 shares during the period. CX Institutional acquired a new position in shares of Hanesbrands in the 1st quarter valued at about $34,000. Smartleaf Asset Management LLC boosted its position in shares of Hanesbrands by 122.8% during the 4th 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. AlphaQuest LLC bought a new stake in Hanesbrands in the first quarter worth approximately $44,000. Finally, Transce3nd LLC acquired a new position in Hanesbrands in the fourth quarter valued at approximately $45,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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