In a report released today, Jim Duffy from Stifel Nicolaus maintained a Hold rating on Hanesbrands (HBI – Research Report), with a price target of $4.50. The company’s shares closed yesterday at $4.34.
Duffy covers the Consumer Cyclical sector, focusing on stocks such as Crocs, Deckers Outdoor, and Lululemon Athletica. According to TipRanks, Duffy has an average return of 8.0% and a 55.72% success rate on recommended stocks.
In addition to Stifel Nicolaus, Hanesbrands also received a Hold from Citi’s Paul Lejuez in a report issued today. However, yesterday, Wells Fargo maintained a Sell rating on Hanesbrands (NYSE: HBI).
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The company has a one-year high of $5.96 and a one-year low of $3.54. Currently, Hanesbrands has an average volume of 7.58M.
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Hanesbrands (HBI) Company Description:
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.
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