Hanesbrands Inc. (NYSE:HBI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded Hanesbrands Inc. (NYSE:HBI) to Sell in a statement released on 11/28/2016.
Having a price of $24.40, Hanesbrands Inc. (NYSE:HBI) traded -1.52% lower on the day. With the last stock price down -7.62% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. HBI has recorded a 50-day average of $24.69 and a two hundred day average of $26.01. Trade Volume was down over the average, with 1,873,503 shares of HBI changing hands under the typical 4,069,070
Recent Performance Chart
Hanesbrands Inc. has PE ratio of 18.58 with a one year low of $23.25 and a one year high of $31.59 and has a market capitalization of $0.
A total of 14 brokerages have issued a ratings update on Hanesbrands Inc.. Six brokerages rating the company a strong buy, seven brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $35.07.
General Company Details For 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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