Hanesbrands (NYSE:HBI) Has Been Downgraded Today by Citigroup to a Neutral

December 20, 2017 - By Richard Conner

 Hanesbrands (NYSE:HBI) Has Been Downgraded Today by Citigroup to a Neutral

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.02, from 1.31 in 2017Q1. It increased, as 33 investors sold Hanesbrands Inc. shares while 178 reduced holdings. 95 funds opened positions while 186 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported.

Credit Agricole S A holds 0.02% or 205,989 shares. Commerce Bancorporation holds 0% or 11,821 shares in its portfolio. Tributary Capital Mgmt Llc stated it has 17,900 shares or 0.04% of all its holdings. Lsv Asset Mgmt owns 77,700 shares or 0% of their US portfolio. Mufg Americas stated it has 0.01% in Hanesbrands Inc. (NYSE:HBI). Shufro Rose And Lc owns 386,930 shares for 0.96% of their portfolio. Tobam holds 0.04% in Hanesbrands Inc. (NYSE:HBI) or 50,941 shares. Amalgamated Natl Bank invested 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI). At Bankshares stated it has 0.26% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Alabama-based Retirement Sys Of Alabama has invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Da Davidson And has invested 0.43% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Kentucky Retirement Systems has 0.04% invested in Hanesbrands Inc. (NYSE:HBI) for 23,344 shares. Wilen Inv Management stated it has 1.19% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Quantbot L P has 0.05% invested in Hanesbrands Inc. (NYSE:HBI) for 22,973 shares. Howe & Rusling owns 354 shares.

Since August 4, 2017, it had 0 insider purchases, and 2 sales for $732,156 activity. $250,536 worth of Hanesbrands Inc. (NYSE:HBI) was sold by Marsh John T..

Hanesbrands (NYSE:HBI) Receives a Downgrade

Shares of Hanesbrands (NYSE:HBI) were downgraded to a Neutral by investment analysts at Citigroup. HBI’s rating of a Buy has been discontinued.

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.02, from 1.31 in 2017Q1. It increased, as 33 investors sold Hanesbrands Inc. shares while 178 reduced holdings. 95 funds opened positions while 186 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported.

Credit Agricole S A holds 0.02% or 205,989 shares. Commerce Bancorporation holds 0% or 11,821 shares in its portfolio. Tributary Capital Mgmt Llc stated it has 17,900 shares or 0.04% of all its holdings. Lsv Asset Mgmt owns 77,700 shares or 0% of their US portfolio. Mufg Americas stated it has 0.01% in Hanesbrands Inc. (NYSE:HBI). Shufro Rose And Lc owns 386,930 shares for 0.96% of their portfolio. Tobam holds 0.04% in Hanesbrands Inc. (NYSE:HBI) or 50,941 shares. Amalgamated Natl Bank invested 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI). At Bankshares stated it has 0.26% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Alabama-based Retirement Sys Of Alabama has invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Da Davidson And has invested 0.43% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Kentucky Retirement Systems has 0.04% invested in Hanesbrands Inc. (NYSE:HBI) for 23,344 shares. Wilen Inv Management stated it has 1.19% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Quantbot L P has 0.05% invested in Hanesbrands Inc. (NYSE:HBI) for 22,973 shares. Howe & Rusling owns 354 shares.

Since August 4, 2017, it had 0 insider purchases, and 2 sales for $732,156 activity. $250,536 worth of Hanesbrands Inc. (NYSE:HBI) was sold by Marsh John T..

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

Among 18 analysts covering Hanesbrands (NYSE:HBI), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hanesbrands has $42 highest and $20 lowest target. $27.38’s average target is 31.19% above currents $20.87 stock price. Hanesbrands had 49 analyst reports since September 17, 2015 according to SRatingsIntel. As per Thursday, November 2, the company rating was maintained by Nomura. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Neutral” rating by Citigroup on Tuesday, December 19. Oppenheimer initiated the shares of HBI in report on Friday, October 16 with “Outperform” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, November 2. Stifel Nicolaus maintained the shares of HBI in report on Monday, September 25 with “Hold” rating. The firm has “Outperform” rating by FBR Capital given on Friday, February 3. The firm has “Neutral” rating by Nomura given on Thursday, September 21. Brean Capital initiated the stock with “Buy” rating in Monday, July 17 report. Deutsche Bank initiated Hanesbrands Inc. (NYSE:HBI) rating on Monday, October 23. Deutsche Bank has “Buy” rating and $29.0 target. The firm has “Buy” rating by Goldman Sachs given on Thursday, September 17.

The stock decreased 1.18% or $0.25 during the last trading session, reaching $20.87. About 5.55M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since December 20, 2016 and is downtrending. It has underperformed by 39.93% the S&P500.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 1. They expect $0.52 earnings per share, down 1.89 % or $0.01 from last year’s $0.53 per share. HBI’s profit will be $189.59 million for 10.03 P/E if the $0.52 EPS becomes a reality. After $0.60 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -13.33 % negative EPS growth.

Hanesbrands Inc., a consumer goods company, designs, makes, sources, and sells various basic apparel for men, women, and children in the United States. The company has market cap of $7.61 billion. The firm operates through four divisions: Innerwear, Activewear, Direct to Consumer, and International. It has a 12.89 P/E ratio. It sells bras, panties, shapewears, hosiery, menÂ’s underwear, childrenÂ’s underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

More notable recent Hanesbrands Inc. (NYSE:HBI) news were published by: Seekingalpha.com which released: “Slip Into Hanesbrands” on November 23, 2017, also Seekingalpha.com with their article: “HanesBrands: Undervalued And Sell-Off Overdone” published on November 21, 2017, Seekingalpha.com published: “HanesBrands scores better credit facility terms” on December 15, 2017. More interesting news about Hanesbrands Inc. (NYSE:HBI) were released by: Seekingalpha.com and their article: “HanesBrands: Growth At A Discount” published on November 30, 2017 as well as Seekingalpha.com‘s news article titled: “Hanesbrands Is Set To Be A Champion” with publication date: December 05, 2017.

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