Sentiment Report: Hanesbrands Inc (NYSE:HBI)

April 26, 2018 - By Richard Conner

Hanesbrands Inc. (NYSE:HBI) Logo

Sentiment for Hanesbrands Inc (NYSE:HBI)

Hanesbrands Inc (NYSE:HBI) institutional sentiment decreased to 1.11 in 2017 Q4. Its down -0.04, from 1.15 in 2017Q3. The ratio has worsened, as 276 funds increased and started new equity positions, while 248 decreased and sold their positions in Hanesbrands Inc. The funds in our partner’s database reported: 337.77 million shares, up from 334.65 million shares in 2017Q3. Also, the number of funds holding Hanesbrands Inc in their top 10 equity positions decreased from 9 to 6 for a decrease of 3. Sold All: 75 Reduced: 173 Increased: 197 New Position: 79.

Hanesbrands Inc., a consumer goods company, designs, makes, sources, and sells various basic apparel for men, women, and children in the United States. The company has market cap of $6.46 billion. The firm operates through four divisions: Innerwear, Activewear, Direct to Consumer, and International. It has a 109.24 P/E ratio. It sells bras, panties, shapewears, hosiery, menÂ’s underwear, childrenÂ’s underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

The stock decreased 0.53% or $0.095 during the last trading session, reaching $17.915. About 2.17M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 26, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on May, 1 after the close. They expect $0.24 EPS, down 17.24 % or $0.05 from last year’s $0.29 per share. HBI’s profit will be $86.49M for 18.66 P/E if the $0.24 EPS becomes a reality. After $0.52 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -53.85 % negative EPS growth.

Chieftain Capital Management Inc. holds 17.75% of its portfolio in Hanesbrands Inc. for 12.49 million shares. Dudley & Shanley Llc owns 1.32 million shares or 6.18% of their US portfolio. Moreover, Timucuan Asset Management Inc Fl has 4.29% invested in the company for 2.59 million shares. The Ontario – Canada-based Cumberland Partners Ltd has invested 4.23% in the stock. Clark Estates Inc Ny, a New York-based fund reported 1.10 million shares.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $1.07 million activity.

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

Ratings analysis reveals 50% of Hanesbrands’s analysts are positive. Out of 14 Wall Street analysts rating Hanesbrands, 7 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $1900 while the high is $30.0. The stock’s average target of $24.29 is 35.58% above today’s ($17.915) share price. HBI was included in 18 notes of analysts from November 2, 2017. Stifel Nicolaus upgraded it to “Buy” rating and $2300 target in Sunday, April 22 report. As per Thursday, November 2, the company rating was maintained by Buckingham Research. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Overweight” rating by Barclays Capital on Thursday, November 2. The rating was maintained by FBR Capital with “Buy” on Thursday, February 8. Barclays Capital maintained it with “Overweight” rating and $27 target in Thursday, January 25 report. The stock of Hanesbrands Inc. (NYSE:HBI) has “Hold” rating given on Friday, April 6 by Bank of America. Citigroup downgraded the shares of HBI in report on Tuesday, December 19 to “Neutral” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, November 2. The firm earned “Hold” rating on Thursday, November 2 by Stifel Nicolaus. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Deutsche Bank on Friday, February 9.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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