Hanesbrands Receives a Buy from D.A. Davidson


In a report released today, Andrew Burns from D.A. Davidson maintained a Buy rating on Hanesbrands (NYSE: HBI). The company’s shares closed on Friday at $16.81, close to its 52-week low of $16.38.

According to TipRanks.com, Burns is a 1-star analyst with an average return of -2.2% and a 40.0% success rate. Burns covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Fox Factory Holding.

Currently, the analyst consensus on Hanesbrands is Moderate Buy and the average price target is $22.70, representing a 35.0% upside.

In a report issued on April 22, Stifel Nicolaus also upgraded the stock to Buy with a $23 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $25.73 and a one-year low of $16.38. Currently, Hanesbrands has an average volume of 7.22M.

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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.

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