Hanesbrands (NYSE:HBI) PT Set at $6.00 by Barclays

Hanesbrands (NYSE:HBI) has been given a $6.00 price target by research analysts at Barclays in a report released on Tuesday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Barclays‘s price target would suggest a potential upside of 19.14% from the company’s current price.

A number of other brokerages have also commented on HBI. Wells Fargo & Company increased their price objective on Hanesbrands from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Wednesday, May 14th. Stifel Nicolaus lowered their price objective on Hanesbrands from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group increased their price objective on Hanesbrands from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.60.

Hanesbrands Stock Down 0.5%

HBI opened at $5.04 on Tuesday. Hanesbrands has a fifty-two week low of $4.02 and a fifty-two week high of $9.10. The business has a 50-day moving average of $5.06 and a 200-day moving average of $6.80. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.37 and a quick ratio of 0.68. The company has a market capitalization of $1.78 billion, a PE ratio of -5.47 and a beta of 1.50.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.07 earnings per share for the quarter, topping 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 company had revenue of $760.15 million during the quarter, compared to the consensus estimate of $757.42 million. During the same period last year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Hanesbrands will post 0.53 EPS for the current fiscal year.

Institutional Trading of Hanesbrands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC grew its holdings in Hanesbrands by 2,278.8% in the 4th quarter. GeoWealth Management LLC now owns 3,473 shares of the textile maker’s stock valued at $28,000 after buying an additional 3,327 shares during the last quarter. CX Institutional acquired a new stake in Hanesbrands in the 1st quarter valued at approximately $34,000. Smartleaf Asset Management LLC grew its holdings in Hanesbrands by 122.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock valued at $40,000 after buying an additional 2,712 shares during the last quarter. AlphaQuest LLC acquired a new stake in Hanesbrands in the 1st quarter valued at approximately $44,000. Finally, Transce3nd LLC acquired a new stake in Hanesbrands in the 4th quarter valued at approximately $45,000. 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.