Hanesbrands (HBI) Downgraded to Hold at ValuEngine
ValuEngine downgraded shares of Hanesbrands (NYSE:HBI) from a buy rating to a hold rating in a research note published on Friday.
A number of other equities research analysts also recently weighed in on HBI. Nomura lowered their price target on Hanesbrands from $24.00 to $21.00 and set a neutral rating on the stock in a research report on Thursday, November 2nd. Oppenheimer restated a buy rating on shares of Hanesbrands in a research report on Wednesday, October 18th. B. Riley restated a buy rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Wells Fargo & Co downgraded Hanesbrands from an outperform rating to a market perform rating and set a $23.00 price target on the stock. in a research report on Wednesday, October 25th. Finally, Citigroup restated a neutral rating and set a $23.00 price target on shares of Hanesbrands in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Hanesbrands has a consensus rating of Hold and an average target price of $25.69.
Shares of Hanesbrands (NYSE HBI) opened at $20.85 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. Hanesbrands has a 12-month low of $18.90 and a 12-month high of $25.73. The stock has a market capitalization of $7,652.62, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.16 and a beta of 0.68.
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Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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