Analyst Rating Update on Hanesbrands (HBI)

Hanesbrands (HBI) : 10 analysts are covering Hanesbrands (HBI) and their average rating on the stock is 1.45, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hanesbrands (HBI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Hanesbrands (HBI) : 8 Wall Street analysts covering Hanesbrands (HBI) believe that the average level the stock could reach for the short term is $35.13. The maximum price target given is $39 and the minimum target for short term is around $29, hence the standard deviation is calculated at $3.31.

For the current week, the company shares have a recommendation consensus of Buy.


Hanesbrands (NYSE:HBI): The stock opened at $24.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.78 for the day. The stock traded down to $24.14 during the day, due to lack of any buying support eventually closed down at $25.01 with a loss of -2.50% for the day. The stock had closed at $25.65 on the previous day. The total traded volume was 14,925,736 shares.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.

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