Hanesbrands (NYSE:HBI) : The highest short term price target forecast on Hanesbrands (NYSE:HBI) is $39 and the lowest target price is $29. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $34.88 with a standard deviation of $3.23.
Other Equity analysts have also commented on the company shares. Brokerage firm Brean Capital maintains its rating on Hanesbrands (NYSE:HBI). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $33. The shares have been rated Buy. The rating by the firm was issued on April 22, 2016.
Hanesbrands (NYSE:HBI): stock turned positive on Thursday. Though the stock opened at $26.59, the bulls momentum made the stock top out at $26.66 level for the day. The stock recorded a low of $26.23 and closed the trading day at $26.47, in the green by 0.49%. The total traded volume for the day was 2,742,646. The stock had closed at $26.34 in the previous days trading.
The company shares have dropped -23.09% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $34.78 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $27.03 and the 200 Day Moving Average price is recorded at $28.21. On the companys insider trading activities, Marsh John T., officer (Group President, Activewear) of Hanesbrands Inc., unloaded 10,986 shares at an average price of $27.3 on June 3, 2016. The total amount of the transaction was worth $299,918, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.