Goldman Sachs Initiates Coverage On Hanesbrands to Neutral with Price Target $20

Goldman Sachs Initiates Coverage On Hanesbrands(HBI). In a research note issued to the investors, the brokerage major Announces the price-target to $20 per share. The shares have been rated Neutral. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 27, 2017, Morgan Stanley said it Downgrades its rating on Hanesbrands. The shares have been rated ‘Equal-Weight’ by the firm.

Hanesbrands (HBI) made into the market gainers list on Fridays trading session with the shares advancing 0.49% or 0.1 points. Due to strong positive momentum, the stock ended at $20.42, which is also near the day’s high of $20.57. The stock began the session at $20.31 and the volume stood at 29,61,294 shares. The 52-week high of the shares is $30.42 and the 52 week low is $18.91. The company has a current market capitalization of $7,606 M and it has 37,24,97,850 shares in outstanding.

Hanesbrands(HBI) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.575B. Analysts had an estimated revenue of $1.700B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2017, Gerald Evans (Chief Executive Officer) sold 41,033 shares at $20.26 per share price.Also, On Nov 22, 2016, Jessica Tuchman Mathews (director) sold 5,433 shares at $24.51 per share price.On Aug 10, 2016, Richard A Noll (CEO) purchased 20,000 shares at $25.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear Activewear Direct to Consumer and International. The Company’s innerwear and activewear apparel brands include Hanes Champion Bali Playtex Maidenform JMS/Just My Size L’eggs Flexees barely there Wonderbra Gear for Sports and Lilyette. Its international brands also include DIM Nur Die/Nur Der Zorba Rinbros and Shock Absorber among others. The Company’s Innerwear segment focuses on apparel products such as intimate apparel men’s underwear children’s underwear and socks. In the activewear market it sells products such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores catalogs and Website operations that sell its branded products to consumers in the United States. The Company’s international markets are Europe Canada Japan Mexico Brazil and Australia.

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