Hanesbrands Inc. (NYSE:HBI) current consensus investment analysts is to Outperform
Hanesbrands Inc. (NYSE:HBI) stock is presently standing at about $20.15 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $27.00, which suggests the stock could still rise over 25 percent. The highest analyst price target is $33.00, which implies a rally of 36 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 6 rate HBI a strong buy. There are 2 equity research firms advocating a Hold and 0 consider it Sell.
Morgan Stanley analysts provided their view on Hanesbrands Inc. (NYSE:HBI) recently. The rating firm issued a Equal-Weight rating to this company in a research note released on Feb 27, 2017. CL King analysts disclosed their opinion on Hanesbrands Inc. (NYSE:HBI) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 12, 2016. According to a research note disclosed on Jan 11, 2016, analysts at Nomura have upped their rating on these shares from Neutral to Buy.
Hanesbrands Inc. (NYSE:HBI) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director NELSON RONALD L Purchased 5,000 company shares for 99600, in a transaction on 2017-03-10. Following the transaction, the Director is left with a stake of 110,652 shares, currently valued at $2229638. Meanwhile, Director Mathews Jessica Tuchman sold 5,433 shares worth $133220, through a transaction dated 2016-11-21. Following the completion of the transaction, the insider is left with a stake of 145,735 shares, amounting $2936560.25. HBI CEO NOLL RICHARD A also purchased 20,000 shares, at a stock price of $25.74. This transaction occurred on 2016-08-09 totals $514800. After this transaction, the insider’s stake stands at 870,077 shares, with a market value of $17532052.
Executives hold 1.13 percent of the stock. Evans Gerald is one of the biggest insider owners in Hanesbrands Inc. (NYSE:HBI), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 947,623 shares which have current market value of around $19094603.45.Mr. Richard A. Noll is another major inside shareholder in the company. The insider owns 910,135 shares as of 0.24%, currently worth $18339220.25. W. Howard Upchurch,Jr is ranked as third insider holder of the stock. This insider holds 439,239 shares with a market value around $8850665.85 as of recent close.
Hanesbrands Inc. (NYSE:HBI) Earnings Outlook
In Hanesbrands Inc. (NYSE:HBI)’s latest quarter, EPS moved to $0.53 from $0.56 in preceding quarter and revenues reached at $1,575.31M compared to $1,761.02M. Analysts had expected Hanesbrands Inc. (NYSE:HBI) to post net income of about $0.58 per share on $1,698.32M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.26 to $0.29. That is compared with the $0.26 in EPS it reported during the same period a year ago.