Hanesbrands (NYSE:HBI) Given a $6.00 Price Target by Barclays Analysts

Hanesbrands (NYSE:HBI - Get Free Report) received a $6.00 price objective from equities researchers at Barclays in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has an "equal weight" rating on the textile maker's stock. Barclays's price target points to a potential upside of 22.45% from the stock's current price.

HBI has been the topic of several other research reports. UBS Group upped their price objective on shares of Hanesbrands from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company raised their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.60.

Hanesbrands Price Performance

NYSE HBI traded down $0.14 during midday trading on Tuesday, hitting $4.90. The company had a trading volume of 4,487,586 shares, compared to its average volume of 7,161,292. The firm has a 50-day moving average price of $5.04 and a 200-day moving average price of $6.78. The company has a market capitalization of $1.73 billion, a PE ratio of -5.33 and a beta of 1.50. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 64.28. Hanesbrands has a twelve month low of $4.02 and a twelve month high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last issued its earnings results 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 firm had revenue of $760.15 million for the quarter, compared to the consensus estimate of $757.42 million. During the same quarter last year, the business posted ($0.02) EPS. The company's revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Hanesbrands will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hanesbrands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its holdings in shares of Hanesbrands by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 58,714 shares of the textile maker's stock valued at $498,000 after acquiring an additional 1,277 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Hanesbrands by 3.5% in the 4th quarter. Avior Wealth Management LLC now owns 56,700 shares of the textile maker's stock worth $462,000 after purchasing an additional 1,900 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Hanesbrands by 4.3% during the 4th quarter. NewEdge Advisors LLC now owns 46,806 shares of the textile maker's stock valued at $381,000 after purchasing an additional 1,944 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Hanesbrands by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 36,964 shares of the textile maker's stock valued at $301,000 after buying an additional 1,973 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Hanesbrands by 9.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker's stock valued at $152,000 after buying an additional 2,255 shares during the period. 80.31% of the stock is currently owned by 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.