Analysts Set Hanesbrands Inc. (NYSE:HBI) PT at $6.50

Hanesbrands Inc. (NYSE:HBI) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.50.

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of Hanesbrands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Hanesbrands in a report on Saturday, September 27th. Wall Street Zen upgraded Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and raised their price target for the stock from $5.00 to $6.00 in a research note on Thursday, August 14th.

Hanesbrands Stock Performance

Shares of HBI opened at $6.92 on Friday. Hanesbrands has a 12-month low of $3.96 and a 12-month high of $9.10. The stock has a market cap of $2.45 billion, a P/E ratio of 28.81 and a beta of 1.47. The company has a current ratio of 1.52, a quick ratio of 0.74 and a debt-to-equity ratio of 13.62. The company has a 50-day moving average of $5.95 and a two-hundred day moving average of $5.23.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The business had revenue of $991.33 million during the quarter, compared to analysts’ expectations of $971.93 million. During the same period last year, the company posted $0.15 EPS. The company’s revenue was down .4% on a year-over-year basis. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. As a group, research analysts predict that Hanesbrands will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in Hanesbrands by 13.5% during the second quarter. IFP Advisors Inc now owns 18,518 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 2,208 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Hanesbrands by 9.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 26,288 shares of the textile maker’s stock worth $152,000 after purchasing an additional 2,255 shares during the period. Fifth Third Bancorp grew its holdings in shares of Hanesbrands by 37.8% during the 1st quarter. Fifth Third Bancorp now owns 8,259 shares of the textile maker’s stock worth $48,000 after purchasing an additional 2,267 shares during the period. Petros Family Wealth LLC raised its holdings in Hanesbrands by 15.5% in the second quarter. Petros Family Wealth LLC now owns 17,817 shares of the textile maker’s stock valued at $82,000 after buying an additional 2,390 shares during the period. Finally, Balanced Rock Investment Advisors LLC raised its holdings in Hanesbrands by 6.0% in the first quarter. Balanced Rock Investment Advisors LLC now owns 50,270 shares of the textile maker’s stock valued at $290,000 after buying an additional 2,826 shares during the period. 80.31% of the stock is owned by hedge funds and other 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.