Hanesbrands (NYSE:HBI – Get Rating) had its price objective raised by analysts at Barclays from $7.00 to $8.00 in a research note issued on Friday, The Fly reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Barclays‘s price target would suggest a potential downside of 1.48% from the company’s current price.
A number of other equities research analysts have also recently weighed in on HBI. StockNews.com assumed coverage on Hanesbrands in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Credit Suisse Group cut Hanesbrands from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Wednesday, November 9th. Wells Fargo & Company cut Hanesbrands from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $13.00 to $5.00 in a research report on Monday, October 31st. Finally, Citigroup lowered their price objective on Hanesbrands from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Sunday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.10.
Hanesbrands Stock Up 2.1 %
HBI opened at $8.12 on Friday. Hanesbrands has a 1-year low of $5.65 and a 1-year high of $16.98. The stock’s fifty day simple moving average is $6.71 and its 200 day simple moving average is $8.31. The company has a current ratio of 1.71, a quick ratio of 0.68 and a debt-to-equity ratio of 5.42. The stock has a market cap of $2.83 billion, a PE ratio of 8.12 and a beta of 1.46.
Institutional Trading of Hanesbrands
Large investors have recently bought and sold shares of the business. Private Trust Co. NA acquired a new stake in Hanesbrands in the second quarter valued at about $36,000. Accurate Wealth Management LLC acquired a new stake in Hanesbrands in the fourth quarter valued at about $31,000. SeaCrest Wealth Management LLC acquired a new stake in Hanesbrands in the second quarter valued at about $45,000. Canada Pension Plan Investment Board boosted its stake in Hanesbrands by 41.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,010 shares of the textile maker’s stock valued at $74,000 after buying an additional 1,480 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Hanesbrands by 108.8% in the fourth quarter. Allworth Financial LP now owns 5,195 shares of the textile maker’s stock valued at $33,000 after buying an additional 2,707 shares in the last quarter. 81.87% of the stock is owned by institutional investors and hedge funds.
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
- Get a free copy of the StockNews.com research report on Hanesbrands (HBI)
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