Hanesbrands (NYSE:HBI) Given “Hold” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Hanesbrands (NYSE:HBI) in a report issued on Friday morning,Benzinga reports. The firm currently has a $7.00 price objective on the textile maker’s stock, down from their previous price objective of $8.00.

Other equities analysts have also issued research reports about the company. Barclays upped their price objective on Hanesbrands from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. UBS Group raised Hanesbrands from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $11.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.10.

Hanesbrands Trading Down 6.0 %

Shares of HBI opened at $5.88 on Friday. The company has a debt-to-equity ratio of 21.50, a quick ratio of 0.90 and a current ratio of 1.49. The business has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $7.44. Hanesbrands has a 52 week low of $4.06 and a 52 week high of $9.10.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 13th. The textile maker reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Hanesbrands had a positive return on equity of 44.72% and a negative net margin of 5.24%. As a group, analysts predict that Hanesbrands will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Hanesbrands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Hanesbrands in the 2nd quarter valued at approximately $321,000. Creative Planning lifted its stake in shares of Hanesbrands by 22.5% in the 3rd quarter. Creative Planning now owns 152,998 shares of the textile maker’s stock valued at $1,125,000 after purchasing an additional 28,126 shares during the last quarter. ERTS Wealth Advisors LLC bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $76,000. Blue Trust Inc. lifted its stake in shares of Hanesbrands by 42.3% in the 3rd quarter. Blue Trust Inc. now owns 5,359 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 1,594 shares during the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of Hanesbrands in the 3rd quarter valued at approximately $51,000. 80.31% of the stock is owned by institutional investors.

Hanesbrands Company Profile

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.