In a report released today, Heather Balsky from Merrill Lynch maintained a Hold rating on Hanesbrands (NYSE: HBI), with a price target of $20. The company’s shares opened today at $18.04.
According to TipRanks.com, Balsky is ranked #2921 out of 4839 analysts.
Currently, the analyst consensus on Hanesbrands is a Moderate Buy with an average price target of $24, representing a 33.0% upside. In a report released today, Barclays also downgraded the stock to Hold.
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Hanesbrands’ market cap is currently $6.47B and has a P/E ratio of 100.67. The company has a Price to Book ratio of 9.17.
Based on the recent corporate insider activity of 63 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.
