Hanesbrands (HBI – Research Report) received a Hold rating and a $5.00 price target from Barclays analyst Paul Kearney yesterday. The company’s shares closed yesterday at $5.27.
Kearney covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Kontoor Brands, and G-III Apparel Group. According to TipRanks, Kearney has an average return of -17.0% and a 36.96% success rate on recommended stocks.
Hanesbrands has an analyst consensus of Hold, with a price target consensus of $5.50, implying a 4.36% upside from current levels. In a report released on August 8, Wedbush also maintained a Hold rating on the stock with a $5.50 price target.
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The company has a one-year high of $10.83 and a one-year low of $3.85. Currently, Hanesbrands has an average volume of 8.24M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HBI in relation to earlier this year.
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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. The Innerwear segment includes core apparel products, such as men’s underwear, women’s panties, children’s underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment composes of innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.
Read More on HBI:
- HanesBrands call volume above normal and directionally bullish
- Hanesbrands activist focus on debt makes sense, says Wedbush
- Barington Capital says Hanesbrands ‘must immediately focus on reducing costs’
- Hanesbrands issues statement in response to Barington Capital letter
- HBI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
