HanesBrands Inc. (NYSE:HBI) was downgraded by stock analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday.

Other research analysts also recently issued reports about the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $35.00 price objective on shares of HanesBrands in a research note on Tuesday, August 2nd. Credit Suisse Group AG reissued a “buy” rating and issued a $37.00 price objective on shares of HanesBrands in a research note on Wednesday, August 3rd. Zacks Investment Research raised HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Brean Capital reaffirmed a “buy” rating and issued a $37.00 target price on shares of HanesBrands in a research note on Tuesday, June 14th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $39.00 target price on shares of HanesBrands in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. HanesBrands presently has a consensus rating of “Buy” and a consensus target price of $34.14.

Analyst Recommendations for HanesBrands (NYSE:HBI)

Shares of HanesBrands (NYSE:HBI) opened at 25.91 on Wednesday. The stock’s 50 day moving average is $26.12 and its 200-day moving average is $26.78. The stock has a market cap of $9.79 billion, a P/E ratio of 20.79 and a beta of 0.94. HanesBrands has a one year low of $23.25 and a one year high of $33.24.

HanesBrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that HanesBrands will post $1.92 EPS for the current year.

In other news, CEO Richard A. Noll bought 20,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the acquisition, the chief executive officer now directly owns 870,077 shares of the company’s stock, valued at approximately $22,395,781.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of HanesBrands by 1.3% in the first quarter. Geode Capital Management LLC now owns 3,101,474 shares of the company’s stock worth $87,713,000 after buying an additional 41,096 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of HanesBrands by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 916,998 shares of the company’s stock worth $25,988,000 after buying an additional 3,394 shares during the period. UBS Group AG boosted its position in shares of HanesBrands by 12.7% in the first quarter. UBS Group AG now owns 1,305,887 shares of the company’s stock worth $37,009,000 after buying an additional 147,256 shares during the period. Cupps Capital Management LLC purchased a new position in shares of HanesBrands during the first quarter worth approximately $904,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of HanesBrands by 78.0% in the first quarter. Canada Pension Plan Investment Board now owns 19,400 shares of the company’s stock worth $550,000 after buying an additional 8,500 shares during the period. Institutional investors own 91.31% of the company’s stock.

HanesBrands Company Profile

Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: 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.

5 Day Chart for NYSE:HBI

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