Hanesbrands (NYSE:HBI) Hits New 1-Year High at $5.86

Hanesbrands Inc. (NYSE:HBI) shares hit a new 52-week high on Thursday . The stock traded as high as $5.86 and last traded at $5.79, with a volume of 1515547 shares trading hands. The stock had previously closed at $5.60.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HBI shares. Citigroup lowered their price target on shares of Hanesbrands from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Friday, February 16th. Stifel Nicolaus lowered their target price on shares of Hanesbrands from $5.00 to $4.50 and set a “hold” rating on the stock in a research note on Thursday, December 14th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.90.

Hanesbrands Trading Up 3.6 %

The stock has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.39. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.65 and a current ratio of 1.64.

Hanesbrands (NYSE:HBI) last released its earnings results on Thursday, February 15th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). Hanesbrands had a positive return on equity of 5.84% and a negative net margin of 0.31%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue was down 12.0% on a year-over-year basis. Research analysts expect that Hanesbrands Inc. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Hanesbrands

A number of institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of Hanesbrands by 63.2% during the 4th quarter. Harbour Investments Inc. now owns 6,020 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 2,332 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Hanesbrands during the 3rd quarter worth about $40,000. Journey Strategic Wealth LLC acquired a new position in Hanesbrands in the 3rd quarter valued at about $41,000. Sherbrooke Park Advisers LLC purchased a new stake in Hanesbrands in the 3rd quarter valued at approximately $42,000. Finally, AXQ Capital LP purchased a new position in Hanesbrands in the third quarter valued at about $43,000. 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.