Hanesbrands (NYSE:HBI) received a $27.00 price target from stock analysts at DA Davidson in a report released on Friday. The brokerage presently has a “buy” rating on the textile maker’s stock. DA Davidson’s price target would suggest a potential upside of 40.19% from the company’s current price. DA Davidson also issued estimates for Hanesbrands’ Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.47 EPS.

Other equities analysts also recently issued reports about the stock. B. Riley restated a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Buckingham Research dropped their target price on shares of Hanesbrands from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Deutsche Bank initiated coverage on shares of Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price on the stock. FBR & Co restated a “buy” rating on shares of Hanesbrands in a research note on Wednesday, October 18th. Finally, Oppenheimer restated a “buy” rating on shares of Hanesbrands in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.60.

Hanesbrands (NYSE:HBI) opened at $19.26 on Friday. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. The company has a market cap of $7,021.89, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. Hanesbrands has a one year low of $18.57 and a one year high of $25.73.

Hanesbrands (NYSE:HBI) last issued its earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. sell-side analysts anticipate that Hanesbrands will post 1.75 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. lifted its position in Hanesbrands by 124.9% during the fourth quarter. First Republic Investment Management Inc. now owns 42,197 shares of the textile maker’s stock valued at $882,000 after acquiring an additional 23,438 shares during the last quarter. Alexandria Capital LLC lifted its position in Hanesbrands by 2,920.5% during the fourth quarter. Alexandria Capital LLC now owns 120,821 shares of the textile maker’s stock valued at $2,527,000 after acquiring an additional 116,821 shares during the last quarter. Suntrust Banks Inc. lifted its position in Hanesbrands by 11.6% during the fourth quarter. Suntrust Banks Inc. now owns 78,728 shares of the textile maker’s stock valued at $1,645,000 after acquiring an additional 8,193 shares during the last quarter. ARP Americas LP purchased a new stake in Hanesbrands during the fourth quarter valued at approximately $1,108,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Hanesbrands during the fourth quarter valued at approximately $210,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

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About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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