Analyst Ratings for Hanesbrands Inc. (HBI)Updated: 2017-07-27
Hanesbrands Inc. (NYSE:HBI) was awarded an average rating of Overweight from investment analysts following the stock. HBI had previously received a consensus rating of Overweight a month ago.
Of the 18 analysts covering the stock, 11 gave it a buy rating, 2 gave an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for HBI. The maximum price target given was 34, implying potential capital gains of 45.36 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of -14.49 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -4.5 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.25 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
HBI has an estimated earnings growth rate of 41.7 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of HBI is 0.4.
HBI has traded between a high of 28.24 and a low of 18.91 over the past year. Currently the stock is 23.69 percent higher than its low, and below the high by 17.17 percent. HBI has a price/earnings ratio of 16.82. Investors typically compare the P/E ratio to a company's peers in the industry. The HBI value stock report compares HBI to some of its peers using value stock charts. The market cap of HBI is $8.52 billion. HBI will post this quarters earnings in days, on 0000-00-00.