Hanesbrands (HBI) Receives a Buy from B.Riley FBR

In a report released yesterday, Susan Anderson from B.Riley FBR reiterated a Buy rating on Hanesbrands (HBI), with a price target of $16.00. The company’s shares closed last Thursday at $14.26.

According to TipRanks.com, Anderson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.5% and a 39.5% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Turning Point Brands, and G-III Apparel Group.

Currently, the analyst consensus on Hanesbrands is a Moderate Buy with an average price target of $15.64, implying a 3.9% upside from current levels. In a report issued on July 15, Raymond James also upgraded the stock to Buy with a $20.00 price target.

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The company has a one-year high of $16.40 and a one-year low of $6.96. Currently, Hanesbrands has an average volume of 8.49M.

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Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International. The Innerwear segment includes core apparel products, such as men’s underwear, women’s panties, children’s underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment composes of innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

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