Stifel Nicolaus Reaffirms “Hold” Rating for Hanesbrands (NYSE:HBI)

Hanesbrands (NYSE:HBI)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $7.00 target price on the textile maker’s stock, down from their previous target price of $8.00. Stifel Nicolaus’ target price would indicate a potential upside of 16.38% from the stock’s previous close.

A number of other equities analysts have also recently commented on HBI. Barclays raised their target price on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $11.00 in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.10.

Hanesbrands Stock Down 3.8 %

Shares of NYSE:HBI traded down $0.24 during trading on Friday, hitting $6.02. The stock had a trading volume of 4,035,508 shares, compared to its average volume of 5,971,767. Hanesbrands has a 12 month low of $4.06 and a 12 month high of $9.10. The company has a market capitalization of $2.12 billion, a PE ratio of -9.11 and a beta of 1.63. The firm’s fifty day moving average is $8.25 and its 200 day moving average is $7.45. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 21.50.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. Analysts anticipate that Hanesbrands will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GeoWealth Management LLC boosted its position in shares of Hanesbrands by 2,278.8% during the fourth 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 period. Smartleaf Asset Management LLC raised its stake in Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker’s stock worth $40,000 after buying an additional 2,712 shares in the last quarter. Blue Trust Inc. raised its stake in Hanesbrands by 42.3% in the third quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock worth $39,000 after buying an additional 1,594 shares in the last quarter. Transce3nd LLC bought a new position in Hanesbrands in the fourth quarter worth approximately $45,000. Finally, WFA Asset Management Corp bought a new position in Hanesbrands in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors 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.