Hanesbrands (HBI) Gets a Hold Rating from Citigroup

In a report released today, Kate McShane from Citigroup maintained a Hold rating on Hanesbrands (HBI), with a price target of $18. The company’s shares opened today at $16.11.

According to TipRanks.com, McShane is a 5-star analyst with an average return of 9.7% and a 65.2% success rate. McShane covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Bed Bath & Beyond.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hanesbrands with a $19.06 average price target.

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The company has a one-year high of $23.33 and a one-year low of $14.39. Currently, Hanesbrands has an average volume of 5.39M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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