News headlines about Hanesbrands (NYSE:HBI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hanesbrands earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.5494115470696 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
Several brokerages recently commented on HBI. Deutsche Bank began coverage on Hanesbrands in a research report on Monday, October 23rd. They set a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 9th. ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet lowered Hanesbrands from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Finally, Barclays cut their target price on Hanesbrands from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Hanesbrands currently has an average rating of “Hold” and an average price target of $25.69.
Shares of Hanesbrands (HBI) traded down $0.15 during trading hours on Thursday, reaching $21.57. The company’s stock had a trading volume of 1,113,893 shares, compared to its average volume of 5,164,345. The company has a market capitalization of $7,929.71, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.20 and a beta of 0.70. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands has a 1-year low of $18.90 and a 1-year high of $25.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. equities research analysts expect that Hanesbrands will post 1.95 earnings per share for the current year.
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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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