Cowen and Company downgraded Hanesbrands Inc. (NYSE:HBI) to Market Perform in a report released today.
- Updated: October 12, 2016
Cowen and Company has downgraded Hanesbrands Inc. (NYSE:HBI) to Market Perform in a report released on 10/12/2016.
Just yesterday Hanesbrands Inc. (NYSE:HBI) traded -2.66% lower at $25.91. Hanesbrands Inc.’s 50-day moving average is $26.12 and its 200-day moving average is $26.78. The last stock price is down -5.84% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,457,975 shares of HBI traded hands, up from an average trading volume of 3,452,630
Recent Performance Chart
Hanesbrands Inc. has 52 week low of $23.25 and a 52 week high of $33.24 with a PE ratio of 20.24 and has a market capitalization of $0.
In addition to Cowen and Company reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $35.07 with 6 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Hanesbrands Inc. (NYSE:HBI)
Hanesbrands Inc. is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company's portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L'eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. Its Hanes brand offers various products, including men's, women's and children's underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. Its Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies. The Activewear segment sells basic branded products that are primarily seasonal in nature under the product categories of branded printwear and retail activewear, as well as licensed logo apparel. The Company also offers underwear, babywear and socks brand, Bonds, and sports bra brand Berlei.
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