Comparing Wall Street’s ratings for HBI and peers
Hanesbrands (HBI) is covered by 15 Wall Street analysts who have a positive view on the company. It’s jointly rated a 1.9 on a scale of 1 (strong buy) to 5 (sell). The company has received one of the best ratings in the branded apparel sector. Ralph Lauren (RL), PVH Corp (PVH), The Gap (GPS), and Michael Kors (KORS) are rated 3.1, 2.2, 3.1, and 3.0, respectively.
What you can expect from HBI’s stock price
HBI’s stock is currently trading at $21.69, ~40% below its 52-week high price. Wall Street has assigned an average price target of $26.61 on the company, which indicates an upside of ~21% over the next 12 months. Individual target prices for the company range between $20 and $33.
HBI’s stock has one of the best upside potentials among its peers. Stock prices of VF Corp (VFC), Ralph Lauren, and The Gap are expected to fall 3%, 1%, and 1%, respectively, as per Wall Street.
PVH Corp, with an upside potential of 15%, can also be considered a good pick.
Wall Street recommendations
Of the 15 analysts that cover VFC, 73% have recommended a “buy” on the stock while 27% have recommended holding the stock. There are no sell recommendations on HBI yet. The company has the maximum number of “buy” ratings in its peer group. PVH is a close second with 65% “buy” recommendations.
Investors looking for exposure to HBI can consider pooled investment vehicles like the Consumer Discretionary Select Sector SPDR ETF (XLY), which invests 0.33% of its portfolio in HBI.