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 $34.88. The maximum price target given is $39 and the minimum target for short term is around $29, hence the standard deviation is calculated at $3.23.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Hanesbrands (NYSE:HBI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $37 per share to $32 per share. The rating by the firm was issued on August 4, 2016.
Hanesbrands (NYSE:HBI): The stock was completely flat for the day, closing at $26.11 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $25.94, the stock touched an intraday high of $26.24 and a low of $25.86. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $26.11. The total trading volume on Thursday was 3,208,694.
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.