Hanesbrands (HBI) has an average broker rating of 1.45, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Hanesbrands (HBI) : The consensus price target for Hanesbrands (HBI) is $35.13 for the short term with a standard deviation of $3.31. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $29.
For the current week, the company shares have a recommendation consensus of Buy. Hanesbrands (NYSE:HBI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.70 and $26.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.26, notching a gain of 3.30% for the day. The total traded volume was 6,880,800 . The stock had closed at $26.39 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Marsh John T., officer (Group President, Activewear) of Hanesbrands Inc., had unloaded 10,986 shares at an average price of $27.3 in a transaction dated on June 3, 2016. The total value of the transaction was worth $299,918.
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.