Economy

Oppenheimer Downgrades Rating Lowers Price Target On Hanesbrands Inc. (HBI)

Oppenheimer Downgrades Rating Lowers Price Target On Hanesbrands Inc. (HBI)”

Hanesbrands Inc. (HBI) shares have been seen trading -15.55% off its 52 week- peak value and changed 20.89% from its 52 week-bottom price value. However, if the DE shares go below $129.14 then it would indicate a much weaker market for the company.

Shares of Hanesbrands Inc. Corporate insiders own 1.10% of the company's stock. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -76%. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since October 24, 2016 and is downtrending. It has underperformed by 39.93% the S&P500. Thrivent Financial for Lutherans now owns 11,600 shares of the company's stock worth $292,000 after buying an additional 30 shares during the period. Albion Financial Group UT now owns 10,371 shares of the company's stock worth $261,000 after buying an additional 153 shares during the period. Ca Inc now has $14.37 billion valuation. It closed at $23.49 lastly. It has outperformed by 15.16% the S&P500. HBI reported a change of -2.27% over the last week and performed -6.85% over the last month while its year to date (YTD) performance revealed an activity trend of 5.98%. CA's profit will be $240.20M for 14.96 P/E if the $0.57 EPS becomes a reality. Metropolitan Life Ins Ny reported 0.03% stake. Hanesbrands presently has an average rating of "Hold" and a consensus price target of $27.37. Therefore 57% are positive. Anthem Inc had 53 analyst reports since July 27, 2015 according to SRatingsIntel.

On October 24, 2017 the stock rating was set at "Neutral" by Nomura which was a cut from the previous "Neutral" rating. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company's stock. The firm has "Hold" rating given on Friday, October 23 by TheStreet. Jefferies has "Buy" rating and $176 target. The rating was maintained by RBC Capital Markets on Wednesday, July 5 with "Buy". On October 24, 2017 Oppenheimer initiated coverage on the stock giving it an initial rating of "Buy". KeyBanc Capital Markets downgraded the stock to "Sector Weight" rating in Friday, February 12 report. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker's stock worth $152,000 after acquiring an additional 1,062 shares during the period. Shire Plc (NASDAQ:SHPG) was raised too.

Investors sentiment increased to 1.33 in Q2 2017. Its down 0.03, from 0.86 in 2017Q1. It turned negative, as 50 investors sold JNJ shares while 878 reduced holdings. 95 funds opened positions while 186 raised stakes. E&G Advisors Lp stated it has 0.19% in Hanesbrands Inc. (NYSE:GPI). Voya Investment Ltd Liability Corporation invested in 0% or 22,215 shares. (NYSE:HBI). 7,224 were reported by Tarbox Family Office. Canada Pension Plan Board invested in 0.02% or 213,781 shares. Pinnacle Assocs Ltd reported 0.01% stake. Has $583,000 Holdings in Hanesbrands Inc. After $0.53 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 13.21% EPS growth. Any way you dice it, a dip below $22.71 a share would be very bad news for HBI's technical picture in the near-term. Mercer Capital Advisers owns 0.01% invested in Hanesbrands Inc. (NYSE:HBI). Massachusetts-based State Street Corp has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Price T Rowe Md, Maryland-based fund reported 945,556 shares. It is down 0.22% since October 23, 2016 and is uptrending. Goldman Sachs Group holds 4.59 million shares.

Associated Banc-Corp decreased Mondelez Intl Inc (NASDAQ:MDLZ) stake by 10,126 shares to 443,236 valued at $19.14 million in 2017Q2. Pennsylvania Trust Co reported 85,128 shares stake. Therefore 18% are positive. Hanesbrands had 40 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has "Buy" rating by Brean Capital on Monday, July 17. The stock of Hanesbrands Inc. (NYSE:HBI) rating on Friday, February 3. FBR Capital has "Outperform" rating and $33 target. Cowen & Co maintained Hanesbrands Inc. BidaskClub upgraded Hanesbrands from a "sell" rating to a "hold" rating in a report on Wednesday, August 9th. The rating was reinitiated by Buckingham Research with "Buy" on Monday, July 17.

Analyst mean recommendation rating on a stock by the analyst community is at 2.10. The rating was upgraded by Citigroup on Monday, November 16 to "Neutral". Canandaigua Natl Bank And Tru holds 8,000 shares or 0.06% of its portfolio. UBS AG reiterated a "buy" rating and set a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a report on Tuesday, August 8th.

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