Hanesbrands (NYSE:HBI) Price Target Raised to $7.00

Hanesbrands (NYSE:HBI) had its target price upped by Citigroup from $5.50 to $7.00 in a research report sent to investors on Thursday morning, MarketBeat reports. The firm currently has a neutral rating on the textile maker’s stock.

A number of other analysts also recently commented on the company. Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price target for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hanesbrands in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Hanesbrands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.60.

Hanesbrands Stock Down 0.3%

HBI opened at $6.87 on Thursday. Hanesbrands has a fifty-two week low of $3.96 and a fifty-two week high of $9.10. The firm has a market capitalization of $2.43 billion, a P/E ratio of 28.63 and a beta of 1.47. The company’s 50-day moving average is $6.54 and its 200 day moving average is $5.39. The company has a debt-to-equity ratio of 13.62, a current ratio of 1.52 and a quick ratio of 0.74.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, August 7th. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Hanesbrands had a net margin of 2.49% and a return on equity of 226.31%. The firm had revenue of $991.33 million during the quarter, compared to analyst estimates of $971.93 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Hanesbrands has set its Q3 2025 guidance at 0.160-0.160 EPS. FY 2025 guidance at 0.660-0.660 EPS. Research analysts expect that Hanesbrands will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hanesbrands

Large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Hanesbrands by 60.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 216,653 shares of the textile maker’s stock valued at $1,250,000 after buying an additional 81,709 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Hanesbrands by 27.3% in the first quarter. International Assets Investment Management LLC now owns 16,208 shares of the textile maker’s stock worth $94,000 after acquiring an additional 3,480 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Hanesbrands in the first quarter worth $297,000. Principal Financial Group Inc. grew its position in shares of Hanesbrands by 2.5% in the first quarter. Principal Financial Group Inc. now owns 1,763,150 shares of the textile maker’s stock valued at $10,173,000 after purchasing an additional 42,903 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Hanesbrands by 13.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 277,376 shares of the textile maker’s stock valued at $1,600,000 after purchasing an additional 32,017 shares during the period. 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.