Somewhat Positive Press Coverage Somewhat Unlikely to Impact Hanesbrands (HBI) Stock Price

News stories about Hanesbrands (NYSE:HBI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanesbrands earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.501923365997 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Hanesbrands (NYSE:HBI) traded up $0.29 during trading on Monday, hitting $21.28. 1,592,934 shares of the stock traded hands, compared to its average volume of 5,441,746. The stock has a market cap of $7,650.00, a PE ratio of 13.20, a PEG ratio of 1.16 and a beta of 0.71. Hanesbrands has a 1-year low of $18.90 and a 1-year 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.

Several brokerages have commented on HBI. Deutsche Bank began coverage on shares of Hanesbrands in a report on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective for the company. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 9th. TheStreet downgraded shares of Hanesbrands from a “b” rating to a “c+” rating in a research note on Thursday, October 12th. Finally, Barclays reduced their price target on shares of Hanesbrands from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.69.

WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/05/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-hanesbrands-hbi-stock-price.html.

About Hanesbrands

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.

Insider Buying and Selling by Quarter for Hanesbrands (NYSE:HBI)

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply