Hanesbrands (HBI) : Analyst Rating Update

Hanesbrands (HBI) has an average broker rating of 1.45, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Hanesbrands (HBI) : The highest short term price target forecast on Hanesbrands (HBI) is $39 and the lowest target price is $29. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $35.13 with a standard deviation of $3.31.

Hanesbrands (NYSE:HBI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.94 and $24.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.53, notching a gain of 2.12% for the day. The total traded volume was 4,152,347 . The stock had closed at $25.00 on the previous day.

Also, In a research note released to the investors, Brean Capital maintains its rating on Hanesbrands (NYSE:HBI).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Brean Capital raises the new price target from $33 per share to $35 per share. The rating by the firm was issued on April 22, 2016. The company shares have dropped -23.76% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $34.67 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $26.58 and the 200 Day Moving Average price is recorded at $27.94.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.

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