Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Hold rating on Hanesbrands (NYSE:HBI) on Wednesday, setting a price target of $20, which is approximately 11.92% above the present share price of $17.87.
Boruchow expects Hanesbrands to post earnings per share (EPS) of -$0.75 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Hanesbrands, with an average price target of $23.67.
The analysts price targets range from a high of $27 to a low of $20.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.51 billion and a net profit of $190.12 million. The company's market cap is $6.24 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 53.85% success rate.
Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International. The Innerwear segment includes core apparel products, such as men's underwear, women's panties, children's underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment composes of innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L'eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.