Investment analysts at Credit Suisse Group initiated coverage on shares of Hanesbrands (NYSE:HBI) in a research note issued to investors on Monday, The Fly reports. The firm set a “neutral” rating on the textile maker’s stock.
HBI has been the subject of a number of other research reports. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank set a $27.00 price target on Hanesbrands and gave the company a “buy” rating in a report on Friday, February 9th. Barclays raised their price target on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Zacks Investment Research downgraded Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Finally, Citigroup reduced their price target on Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Hanesbrands has an average rating of “Hold” and an average target price of $25.60.
Hanesbrands (NYSE:HBI) traded up $0.14 on Monday, reaching $20.15. The company’s stock had a trading volume of 4,277,750 shares, compared to its average volume of 7,033,603. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90. The company has a market capitalization of $7,210.00, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. Hanesbrands has a twelve month low of $18.57 and a twelve month high of $25.73.
In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of Hanesbrands stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.70, for a total value of $1,071,080.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBI. Raymond James Financial Services Advisors Inc. increased its holdings in Hanesbrands by 6.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 269,407 shares of the textile maker’s stock worth $6,638,000 after buying an additional 15,190 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Hanesbrands in the third quarter worth about $790,000. Victory Capital Management Inc. boosted its position in Hanesbrands by 4.5% in the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock worth $17,199,000 after purchasing an additional 30,202 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Hanesbrands by 20.3% in the third quarter. Canada Pension Plan Investment Board now owns 58,683 shares of the textile maker’s stock worth $1,446,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Andra AP fonden boosted its position in Hanesbrands by 48.4% in the third quarter. Andra AP fonden now owns 51,200 shares of the textile maker’s stock worth $1,262,000 after purchasing an additional 16,700 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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