In a report issued on January 11, Chethan Mallela from Barclays maintained a Hold rating on Hanesbrands (HBI), with a price target of $16. The company’s shares closed on Friday at $13.70.
According to TipRanks.com, Mallela is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.0% and a 18.2% success rate. Mallela covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and TJX Companies.
The word on The Street in general, suggests a Hold analyst consensus rating for Hanesbrands with a $18.25 average price target, which is a 33.2% upside from current levels. In a report issued on January 2, Wells Fargo also maintained a Hold rating on the stock with a $14 price target.
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Hanesbrands’ market cap is currently $4.94B and has a P/E ratio of 736.56. The company has a Price to Book ratio of 5.68.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is neutral on the stock.
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Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of men’s and women’s basic apparel. It operates its business through the following segments: Innerwear, Activewear, International, Other, and Corporate.
