News headlines about Hanesbrands (NYSE:HBI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hanesbrands earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 46.501923365997 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
A number of equities research analysts have recently weighed in on HBI shares. Deutsche Bank started coverage on Hanesbrands in a report on Monday, October 23rd. They set a “buy” rating and a $29.00 price target on the stock. Zacks Investment Research cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Hanesbrands in a report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target on shares of Hanesbrands in a report on Friday, November 3rd. Finally, Buckingham Research cut their price target on Hanesbrands from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.63.
Hanesbrands (NYSE HBI) traded up $0.08 during midday trading on Friday, hitting $22.42. 3,893,276 shares of the company were exchanged, compared to its average volume of 4,920,879. Hanesbrands has a fifty-two week low of $18.90 and a fifty-two week high of $25.73. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $8,144.81, a price-to-earnings ratio of 13.84, a PEG ratio of 1.19 and a beta of 0.70.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. analysts forecast that Hanesbrands will post 1.94 EPS for the current year.
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Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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