Hanesbrands (NYSE:HBI) Upgrade
In a a research report revealed on Monday morning, DA Davidson stated it was upgrading Hanesbrands (NYSE:HBI)stock from a “Neutral” to a “Buy”. The firm has $29.00 target on HBI’s stock.
Hanesbrands Inc. (NYSE:HBI) Ratings Coverage
Out of 12 analysts covering Hanesbrands (NYSE:HBI), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. $42 is the highest target while $30 is the lowest. The $34.09 average target is 47.77% above today’s ($23.07) stock price. Hanesbrands has been the topic of 20 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, September 17 by Goldman Sachs. The firm has “Buy” rating given on Friday, February 5 by UBS. On Friday, October 16 the stock rating was initiated by Oppenheimer with “Outperform”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Nomura on Monday, January 11. The rating was downgraded by Cowen & Co to “Market Perform” on Wednesday, October 12. The firm earned “Conviction Buy” rating on Friday, December 4 by Goldman Sachs. The company was reinitiated on Thursday, October 22 by Wells Fargo. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Citigroup on Thursday, August 4. The company was downgraded on Monday, October 26 by DA Davidson.
About 4.58 million shares traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 17.57% since May 9, 2016 and is downtrending. It has underperformed by 27.32% the S&P500.
Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 2. They expect $0.58 earnings per share, up 31.82% or $0.14 from last year’s $0.44 per share. HBI’s profit will be $219.23M for 9.94 P/E if the $0.58 EPS becomes a reality. After $0.56 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 3.57% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q3. Its down 0.04, from 1.04 in 2016Q2. The ratio turned negative, as 48 funds sold all Hanesbrands Inc. shares owned while 184 reduced positions. 71 funds bought stakes while 160 increased positions. They now own 341.78 million shares or 3.15% more from 331.36 million shares in 2016Q2.
Engineers Gate Manager L P last reported 0.12% of its portfolio in the stock. Tradition Mngmt Lc accumulated 78,185 shares or 0.69% of the stock. Nippon Life Americas Incorporated owns 74,770 shares or 0.18% of their US portfolio. Mizuho & Limited owns 620,957 shares or 0.05% of their US portfolio. Public Sector Pension Inv Board, a Quebec – Canada-based fund reported 84,808 shares. The New Hampshire-based Tru Invest Advisors Lc has invested 2.71% in Hanesbrands Inc. (NYSE:HBI). Gabelli Funds Ltd Liability Com holds 0.03% or 195,000 shares in its portfolio. The Michigan-based Ww Asset Management Inc has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Deltec Asset Mgmt Limited Liability Company, a New York-based fund reported 294,961 shares. Moreover, Utd Automobile Association has 0.07% invested in Hanesbrands Inc. (NYSE:HBI) for 839,925 shares. Central Bank & Trust & Tru, a Kentucky-based fund reported 12,751 shares. Rafferty Asset Management Ltd Company last reported 24,286 shares in the company. Gateway Invest Advisers Ltd has invested 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Whittier Trust accumulated 0% or 2,723 shares. Keybank Association Oh reported 33,639 shares or 0.01% of all its holdings.
Insider Transactions: Since August 9, 2016, the stock had 1 insider buy, and 1 sale for $381,552 net activity. Mathews Jessica Tuchman sold $133,190 worth of stock. $514,742 worth of Hanesbrands Inc. (NYSE:HBI) was bought by NOLL RICHARD A.
Hanesbrands Inc. is a manufacturer and marketer of apparels. The company has a market cap of $8.72 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has a 17.82 P/E ratio. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
According to Zacks Investment Research, “Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes, Champion, Playtex, Bali, L’eggs, Just My Size, Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts, bras, panties, men’s underwear, kids’ underwear, socks, hosiery, casualwear and activewear.”
HBI Company Profile
Hanesbrands Inc., incorporated on October 30, 2005, is a maker and marketer of apparels. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. The Company’s Hanes brand offers various products, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. The Company’s Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies.
Another recent and important Hanesbrands Inc. (NYSE:HBI) news was published by 247Wallst.com which published an article titled: “Hanesbrands, AstraZeneca Plop into Wednesday’s 52-Week Low Club” on December 07, 2016.
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