Hanesbrands (NYSE:HBI) Given New $7.00 Price Target at Citigroup

Key Points

• Citigroup has raised Hanesbrands' price target from $5.50 to $7.00, indicating a potential upside of 3.63% based on the company's recent stock close.
• In addition, shares of Hanesbrands have received various ratings from other institutions, with one analyst giving a Buy rating while five analysts have assigned a Hold rating.
• Hanesbrands reported a $0.24 EPS for the last quarter, exceeding expectations, while its quarterly revenue showed a slight decline of 0.4% year-over-year.

Hanesbrands (NYSE:HBI - Get Free Report) had its price objective lifted by Citigroup from $5.50 to $7.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the textile maker's stock. Citigroup's price target suggests a potential upside of 3.63% from the company's previous close.

HBI has been the topic of several other reports. Wells Fargo & Company upgraded shares of Hanesbrands from a "strong sell" rating to an "equal weight" rating and raised their target price for the stock from $5.00 to $6.00 in a report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hanesbrands in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Hanesbrands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.60.

Hanesbrands Stock Performance

Shares of HBI stock opened at $6.76 on Thursday. The company has a debt-to-equity ratio of 13.62, a quick ratio of 0.74 and a current ratio of 1.52. The company has a market capitalization of $2.39 billion, a P/E ratio of 28.15 and a beta of 1.47. The company's 50 day moving average price is $6.52 and its two-hundred day moving average price is $5.35. Hanesbrands has a 52 week low of $3.96 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its earnings results on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $991.33 million for the quarter, compared to the consensus estimate of $971.93 million. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. On average, analysts expect that Hanesbrands will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hanesbrands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its position in Hanesbrands by 155.2% during the third quarter. Harbor Capital Advisors Inc. now owns 4,904 shares of the textile maker's stock worth $32,000 after purchasing an additional 2,982 shares during the period. Strs Ohio bought a new position in Hanesbrands during the first quarter worth $38,000. First Horizon Advisors Inc. boosted its position in Hanesbrands by 240.7% during the second quarter. First Horizon Advisors Inc. now owns 6,613 shares of the textile maker's stock worth $30,000 after purchasing an additional 4,672 shares during the period. AlphaQuest LLC bought a new position in Hanesbrands during the first quarter worth $44,000. Finally, Tranquilli Financial Advisor LLC bought a new position in Hanesbrands during the first quarter worth $58,000. 80.31% of the stock is 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.

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