Hanesbrands (NYSE:HBI – Get Free Report) had its price target upped by equities research analysts at Barclays from $5.00 to $6.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Barclays‘s target price points to a potential downside of 0.99% from the stock’s current price.
A number of other equities research analysts also recently issued reports on HBI. Wedbush restated a “neutral” rating and set a $5.00 price objective on shares of Hanesbrands in a research report on Thursday, June 6th. Stifel Nicolaus raised their price target on Hanesbrands from $4.50 to $6.00 and gave the stock a “hold” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Hanesbrands currently has an average rating of “Hold” and a consensus price target of $5.63.
Hanesbrands Trading Up 5.0 %
Hanesbrands (NYSE:HBI – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Hanesbrands had a positive return on equity of 9.84% and a negative net margin of 0.42%. The business had revenue of $995.40 million for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts predict that Hanesbrands will post 0.46 earnings per share for the current year.
Institutional Investors Weigh In On Hanesbrands
A number of institutional investors and hedge funds have recently modified their holdings of HBI. Concord Wealth Partners lifted its stake in shares of Hanesbrands by 220.3% during the 1st quarter. Concord Wealth Partners now owns 5,260 shares of the textile maker’s stock worth $31,000 after acquiring an additional 3,618 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in Hanesbrands during the 1st quarter worth $35,000. Rothschild Investment LLC purchased a new position in Hanesbrands during the 2nd quarter worth $39,000. Hollencrest Capital Management purchased a new position in Hanesbrands during the 1st quarter worth $41,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Hanesbrands during the 1st quarter worth $44,000. 80.31% of the stock is owned by 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.
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