Hanesbrands (HBI) Getting Somewhat Favorable Press Coverage, Accern Reports

Press coverage about Hanesbrands (NYSE:HBI) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hanesbrands earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 46.5494115470696 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Hanesbrands (HBI) traded up $0.13 on Tuesday, reaching $21.73. The company had a trading volume of 7,577,744 shares, compared to its average volume of 4,896,267. The stock has a market cap of $7,920.00, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.13 and a beta of 0.72. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.85. Hanesbrands has a twelve month low of $18.90 and a twelve month high of $25.73.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. research analysts predict that Hanesbrands will post 1.94 earnings per share for the current year.

A number of research analysts have issued reports on HBI shares. Deutsche Bank started coverage on Hanesbrands in a research note on Monday, October 23rd. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. B. Riley restated a “buy” rating on shares of Hanesbrands in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price objective on shares of Hanesbrands in a research note on Friday, November 3rd. Finally, Buckingham Research dropped their price target on Hanesbrands from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.63.

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About Hanesbrands

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

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