Deutsche Bank set a $27.00 price target on Hanesbrands (NYSE:HBI) in a research report released on Friday. The brokerage currently has a buy rating on the textile maker’s stock.

Several other analysts have also recently commented on the company. TheStreet cut Hanesbrands from a b rating to a c+ rating in a report on Thursday, October 12th. Oppenheimer reissued a buy rating on shares of Hanesbrands in a report on Wednesday, October 18th. FBR & Co reissued a buy rating on shares of Hanesbrands in a report on Wednesday, October 18th. UBS Group cut Hanesbrands from an outperform rating to a market perform rating in a report on Tuesday, October 24th. Finally, Wells Fargo & Co cut Hanesbrands from an outperform rating to a market perform rating and set a $23.00 price target for the company. in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $25.60.

Shares of Hanesbrands (NYSE:HBI) opened at $19.26 on Friday. Hanesbrands has a 1 year low of $18.57 and a 1 year high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90. The firm has a market capitalization of $6,938.28, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. equities analysts predict that Hanesbrands will post 1.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s payout ratio is currently 400.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engine Capital Management LLC purchased a new position in Hanesbrands in the 3rd quarter valued at approximately $106,000. QS Investors LLC increased its stake in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 140 shares in the last quarter. Tiedemann Wealth Management LLC increased its stake in Hanesbrands by 12.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,787 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Hanesbrands in the 4th quarter valued at approximately $134,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Hanesbrands in the 4th quarter valued at approximately $134,000. 95.26% of the stock is owned by hedge funds and other institutional investors.

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Hanesbrands Company Profile

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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