Hanesbrands (NYSE:HBI) had its target price upped by analysts at Deutsche Bank from $11.00 to $15.00 in a research note issued on Friday, The Fly reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Deutsche Bank’s price target suggests a potential upside of 6.16% from the stock’s current price.

A number of other equities analysts also recently issued reports on HBI. B. Riley raised their price objective on shares of Hanesbrands from $14.00 to $16.00 in a report on Wednesday, July 22nd. Cfra decreased their price target on shares of Hanesbrands from $12.00 to $8.00 and set a “sell” rating on the stock in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on shares of Hanesbrands from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Sunday, July 19th. UBS Group raised their target price on Hanesbrands from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, BofA Securities upgraded Hanesbrands from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $8.50 to $14.00 in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.19.

NYSE HBI opened at $14.13 on Friday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 4.69 and a beta of 1.54. Hanesbrands has a 1-year low of $6.96 and a 1-year high of $16.40. The company has a debt-to-equity ratio of 4.03, a current ratio of 2.01 and a quick ratio of 1.11. The business’s fifty day moving average price is $12.15 and its 200-day moving average price is $11.44.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.62. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Hanesbrands had a return on equity of 55.54% and a net margin of 7.88%. Hanesbrands’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts anticipate that Hanesbrands will post 0.91 EPS for the current year.

Several institutional investors have recently modified their holdings of HBI. Prudential PLC purchased a new stake in shares of Hanesbrands in the first quarter worth about $48,515,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Hanesbrands by 37.9% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 20,826,632 shares of the textile maker’s stock worth $163,906,000 after acquiring an additional 5,722,725 shares in the last quarter. Norges Bank bought a new position in shares of Hanesbrands during the 4th quarter valued at approximately $53,681,000. Bank of New York Mellon Corp grew its holdings in shares of Hanesbrands by 20.1% in the first quarter. Bank of New York Mellon Corp now owns 7,039,310 shares of the textile maker’s stock valued at $55,398,000 after purchasing an additional 1,179,542 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Hanesbrands by 103.1% in the second quarter. First Trust Advisors LP now owns 1,304,909 shares of the textile maker’s stock valued at $14,732,000 after purchasing an additional 662,299 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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