In a report released yesterday, Ike Boruchow from Wells Fargo maintained a Sell rating on Hanesbrands (HBI – Research Report), with a price target of $4.00. The company’s shares closed last Friday at $4.75.
Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Hanesbrands, Nike, and Signet Jewelers. According to TipRanks, Boruchow has an average return of -3.0% and a 43.08% success rate on recommended stocks.
Currently, the analyst consensus on Hanesbrands is a Hold with an average price target of $5.00.
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The company has a one-year high of $9.27 and a one-year low of $3.85. Currently, Hanesbrands has an average volume of 7.77M.
Based on the recent corporate insider activity of 43 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:
- G-III Apparel price target raised to $26 from $23 at KeyBanc
- Hanesbrands G-III Apparel in licensing pact for Champion & C9 outerwear
- Hanesbrands, Florida State sign multiyear partnership extension
- Hanesbrands, Texas A&M University sign exclusive apparel partnership
- Hanesbrands sees FY23 EPS 16c-30c, consensus 31c
