Hanesbrands Receives a Buy from OppenheimerBy Austin Angelo
In a report released yesterday, Anna Andreeva from Oppenheimer assigned a Buy rating to Hanesbrands (NYSE: HBI), with a price target of $35. The company’s shares closed yesterday at $23.79, close to its 52-week low of $23.25.
According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.5% and a 44.6% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.
Hanesbrands has an analyst consensus of Strong Buy, with a price target consensus of $39.
The company has a one year high of $31.59 and a one year low of $23.25. Currently, Hanesbrands has an average volume of 4.1M.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Jessica Tuchman Mathews, a Director at HBI sold 5,433 shares for a total of $133,163.
Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of men’s and women’s basic apparel. It operates its business through the following segments: Innerwear; Activewear Direct to Consumer; and International. The Innerwear segment focuses on core apparel products, such as intimate apparel; men’s underwear; kids’ underwear and socks; marketed under various brands. The Activewear segment serves activewear and casual wear markets through its Hanes, Champion, Just My Size, and Duofold brands, where it sells products such as T-shirts and fleece to both retailers and wholesalers. The Direct to Consumer segment operations include its outlet stores and Internet operations. The International segment includes products that span across the Innerwear and Outerwear segments. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.