Short Term Price Target on Hanesbrands (HBI)

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 $35.13 with a standard deviation of $3.31.

Hanesbrands Inc. has lost 5.06% in the last five trading days and dropped 9.11% in the last 4 weeks. Hanesbrands Inc. has dropped 11.25% during the last 3-month period . Year-to-Date the stock performance stands at -13.88%. Also, Equity Analysts at the Brean Capital maintains the rating on Hanesbrands (NYSE:HBI). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $33 per share to $35 per share. The rating by the firm was issued on April 22, 2016.

Hanesbrands (NYSE:HBI) : 10 analysts are covering Hanesbrands (NYSE: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 (NYSE: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 2, which recommends a Buy 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 (NYSE:HBI): The stock opened at $25.80 on Thursday but the bulls could not build on the opening and the stock topped out at $25.97 for the day. The stock traded down to $25.00 during the day, due to lack of any buying support eventually closed down at $25.13 with a loss of -4.45% for the day. The stock had closed at $26.30 on the previous day. The total traded volume was 7,912,155 shares.

In an insider trading activity,The officer (Group President, Activewear) of Hanesbrands Inc., Marsh John T. sold 10,986 shares at $27.3 on June 3, 2016. The Insider selling transaction had a total value worth of $299,918. The Insider information was disclosed 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.

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