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 most optimistic price target was 34, implying a possible profit of 45.36 percent. The lowest price target was 20, implying potential capital losses of -14.49 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -4.5 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.25 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.

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, while 0 analysts made negative revisions. 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. HBI has a PEG ratio of 0.4.

In the trailing 52-weeks, HBI hit 28.24 at the highest peak, while it's lowest trading point was 18.91. The current market price is above the trailing year's low by 23.69 percent, and 17.17 percent below the high. 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 stock has a market capitalization of $8.52 billion. HBI's next earnings release will be on 0000-00-00, which is days away.