DA Davidson Reiterates “$27.00” Price Target for Hanesbrands (HBI)

DA Davidson set a $27.00 price objective on Hanesbrands (NYSE:HBI) in a report published on Friday. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other equities analysts have also weighed in on HBI. Zacks Investment Research raised Hanesbrands from a strong sell rating to a hold rating in a research note on Wednesday, April 11th. B. Riley dropped their price objective on Hanesbrands from $33.00 to $30.00 and set a buy rating for the company in a research note on Thursday, February 8th. Macquarie began coverage on Hanesbrands in a research note on Monday, April 2nd. They issued a neutral rating and a $19.00 price objective for the company. Wells Fargo set a $20.00 price objective on Hanesbrands and gave the stock a hold rating in a research note on Friday, February 9th. Finally, Bank of America began coverage on Hanesbrands in a research note on Friday, April 6th. They issued a neutral rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $24.87.

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NYSE:HBI opened at $18.13 on Friday. Hanesbrands has a 52-week low of $17.94 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. The stock has a market cap of $6,531.21, a price-to-earnings ratio of 9.35, a P/E/G ratio of 1.14 and a beta of 0.73.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. Hanesbrands’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. equities research analysts predict that Hanesbrands will post 1.76 EPS for the current year.

In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in HBI. Dimensional Fund Advisors LP boosted its stake in Hanesbrands by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,383,535 shares of the textile maker’s stock valued at $34,089,000 after buying an additional 6,108 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Hanesbrands by 16.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 56,699 shares of the textile maker’s stock valued at $1,398,000 after buying an additional 8,067 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Hanesbrands by 1,429.0% during the third quarter. Allianz Asset Management GmbH now owns 358,080 shares of the textile maker’s stock valued at $8,823,000 after buying an additional 334,661 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Hanesbrands by 2.9% during the third quarter. AMP Capital Investors Ltd now owns 115,271 shares of the textile maker’s stock valued at $2,839,000 after buying an additional 3,200 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in Hanesbrands by 33.0% during the third quarter. First Republic Investment Management Inc. now owns 18,759 shares of the textile maker’s stock valued at $463,000 after purchasing an additional 4,654 shares during the period. 98.78% of the stock is owned by institutional investors.

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Hanesbrands Company Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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