The Rating of Hanesbrands (NYSE:HBI) Shares By Goldman Sachs Rises. $42.00 is now The Targeted Price

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Hanesbrands (NYSE:HBI) Stock Upgrade

In a very recent research note issued earlier today, Goldman Sachs has hiked shares of Hanesbrands (NYSE:HBI) to a solid “Conviction Buy” rating and has established a 52 week target PPS of $42.00. HBI’s rating before this upgrade was a “Buy”.

From a total of 15 analysts covering Hanesbrands (NYSE:HBI) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is $42 while the lowest target price is $30. The mean of all analyst targets is $37.83 with a 16.63% above today’s ($31.15) stock price. Hanesbrands was the topic of 7 analyst reports since September 17, 2015 according to the firm StockzIntelligence Inc. DA Davidson downgraded shares on October 26 to “Neutral” rating. Oppenheimer initiated HBI stock in a recent report from October 16 with “Outperform” rating.

The stock increased 3.28% or $0.99 on December 4, striking $31.15. Approximately shares of stock traded hands. Hanesbrands Inc. (NYSE:HBI) has declined 1.77% since May 4, 2015 and is downtrending. It has underperformed by 0.69% the S&P500.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The company has a market cap of $12.21 billion. The Firm operates through four divisions: Innerwear, Activewear, Direct to Consumer and International. It has 31.68 P/E ratio. 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.

According to Zacks Investment Research, “Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands Inc. is a world-class consumer goods company with more than a century of history and a portfolio of leading apparel essentials brands including Hanes, Champion, Playtex, Bali, L’eggs, Just My Size, Barely There and Wonderbra. Hanesbrands sells high-volume apparel essentials such as T-shirts, bras, panties, men’s underwear, kids’ underwear, socks, hosiery, casualwear and activewear.” Get a free copy of the Zacks research report on Hanesbrands Inc. (HBI).

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