Hanesbrands (HBI) Receives Price Target

Hanesbrands (HBI) : The highest level Hanesbrands (HBI) is projected to reach is $39 for the short term and the lowest estimate is at $29. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $34.88 and the possibility the share price can swing is $3.23.

Hanesbrands (HBI) : 7 brokerage houses believe that Hanesbrands (HBI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hanesbrands (HBI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.45.


Also, Major Brokerage house, Citigroup maintains its ratings on Hanesbrands (NYSE:HBI). In the latest research report, Citigroup lowers the target price from $37 per share to $32 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 4, 2016.

Hanesbrands (NYSE:HBI): The stock opened at $26.53 on Thursday but the bulls could not build on the opening and the stock topped out at $26.63 for the day. The stock traded down to $26.30 during the day, due to lack of any buying support eventually closed down at $26.52 with a loss of -0.08% for the day. The stock had closed at $26.54 on the previous day. The total traded volume was 2,033,910 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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