Hanesbrands (NYSE:HBI) Upgraded at Wall Street Zen

Hanesbrands (NYSE:HBI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Thursday.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus lowered their price target on Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a report on Thursday, April 10th. UBS Group boosted their target price on shares of Hanesbrands from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price target 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, Barclays set a $6.00 price target on shares of Hanesbrands and gave the company an "equal weight" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.60.

Hanesbrands Stock Up 5.0%

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

Hanesbrands (NYSE:HBI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $760.15 million for 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 company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. Equities research analysts expect that Hanesbrands will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hanesbrands

Several large investors have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Hanesbrands during the fourth quarter worth approximately $92,000. Nisa Investment Advisors LLC boosted its position in Hanesbrands by 6.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 45,876 shares of the textile maker's stock worth $373,000 after acquiring an additional 2,952 shares during the period. SG Americas Securities LLC grew its stake in shares of Hanesbrands by 66.7% in the fourth quarter. SG Americas Securities LLC now owns 133,255 shares of the textile maker's stock worth $1,085,000 after purchasing an additional 53,339 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Hanesbrands by 3.5% in the fourth 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 in the last quarter. Finally, KBC Group NV increased its holdings in shares of Hanesbrands by 38.1% during the fourth quarter. KBC Group NV now owns 15,701 shares of the textile maker's stock valued at $128,000 after purchasing an additional 4,332 shares during the period. Institutional investors and hedge funds own 80.31% of the company's stock.

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.