Hanesbrands Inc. (NYSE:HBI) has earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.21.

Several brokerages have recently weighed in on HBI. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays set a $19.00 price objective on shares of Hanesbrands and gave the company a “hold” rating in a report on Saturday, February 9th. ValuEngine upgraded shares of Hanesbrands from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Deutsche Bank lowered shares of Hanesbrands from a “buy” rating to a “hold” rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Friday, January 11th. Finally, Wells Fargo & Co lowered their target price on shares of Hanesbrands from $18.00 to $14.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC bought a new stake in Hanesbrands in the 4th quarter worth about $36,000. Atlas Capital Advisors LLC bought a new stake in Hanesbrands in the 4th quarter worth about $39,000. Oregon Public Employees Retirement Fund grew its position in Hanesbrands by 1,137.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 489,071 shares of the textile maker’s stock worth $39,000 after purchasing an additional 449,555 shares in the last quarter. Clean Yield Group bought a new stake in Hanesbrands in the 4th quarter worth about $55,000. Finally, WP Advisors LLC bought a new stake in Hanesbrands in the 1st quarter worth about $56,000. Institutional investors own 97.00% of the company’s stock.

Shares of NYSE HBI traded up $0.08 during trading on Monday, hitting $18.89. 3,786,260 shares of the company traded hands, compared to its average volume of 5,613,453. Hanesbrands has a fifty-two week low of $11.57 and a fifty-two week high of $22.57. The firm has a market capitalization of $6.83 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.05 and a beta of 0.94. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Hanesbrands will post 1.75 EPS for the current year.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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