Hanesbrands Inc. (NYSE:HBI) Receives $6.60 Average Price Target from Brokerages

Shares of Hanesbrands Inc. (NYSE:HBI) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $6.60.

A number of equities research analysts have recently commented on the company. UBS Group increased their target price on Hanesbrands from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised Hanesbrands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Wells Fargo & Company raised Hanesbrands from a “strong sell” rating to an “equal weight” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hanesbrands in a research report on Wednesday, October 8th. Finally, Citigroup increased their price objective on Hanesbrands from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HBI. Brandes Investment Partners LP raised its stake in shares of Hanesbrands by 51.2% in the second quarter. Brandes Investment Partners LP now owns 12,423,152 shares of the textile maker’s stock worth $56,898,000 after buying an additional 4,205,103 shares during the period. American Century Companies Inc. raised its stake in shares of Hanesbrands by 40.8% in the first quarter. American Century Companies Inc. now owns 7,547,938 shares of the textile maker’s stock worth $43,552,000 after buying an additional 2,185,483 shares during the period. MetLife Investment Management LLC raised its stake in shares of Hanesbrands by 1,008.9% in the first quarter. MetLife Investment Management LLC now owns 2,337,148 shares of the textile maker’s stock worth $13,485,000 after buying an additional 2,126,376 shares during the period. Bank of America Corp DE raised its stake in shares of Hanesbrands by 92.4% in the second quarter. Bank of America Corp DE now owns 4,045,255 shares of the textile maker’s stock worth $18,527,000 after buying an additional 1,942,340 shares during the period. Finally, Nuveen LLC bought a new position in shares of Hanesbrands in the first quarter worth about $7,761,000. Institutional investors own 80.31% of the company’s stock.

Hanesbrands Price Performance

Shares of Hanesbrands stock opened at $6.57 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.52 and a debt-to-equity ratio of 13.62. The company has a market cap of $2.32 billion, a PE ratio of 27.38 and a beta of 1.50. The business has a 50 day moving average of $6.59 and a 200 day moving average of $5.49. Hanesbrands has a 52 week low of $3.96 and a 52 week high of $9.10.

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

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.