The shares of Hanesbrands Inc. (NYSE:HBI) has been pegged with a rating of Hold by Deutsche Bank in its latest research note that was published on January 11th, 2019. The research company has also assigned a $16 price target. Deutsche Bank wasn’t the only research firm that published a report of Hanesbrands Inc., with other equities research analysts also giving their opinion on the stock. Standpoint Research advised investors in its research note published on October 23rd, 2018, to Buy the HBI stock. The stock had earned Buy rating from Stifel when it published its report on April 23rd, 2018. That day the Stifel set price target on the stock to $23. The stock was given Neutral rating by BofA/Merrill in its report released on April 6th, 2018, the day when the price target on the stock was placed at $21. Macquarie was of a view that HBI is Neutral in its latest report on April 2nd, 2018 while giving it a price target of $19. Credit Suisse thinks that HBI is worth Neutral rating. This was contained in the firm’s report on March 13th, 2018 in which the stock’s price target was also moved to $21.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $18.00. The price of the stock the last time has raised by 58.95% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 73.81.
The shares of the company added by 3.08% during the trading session on Monday, reaching a low of $17.79 while ending the day at $18.39. During the trading session, a total of 7.39 million shares were traded which represents a -10.57% decline from the average session volume which is 6.68M shares. HBI had ended its last session trading at 17.84. Hanesbrands Inc. currently has a market cap of $6.96B, while its P/E ratio stands at 12.17, while its P/E earnings growth sits at 1.02, with a beta of 0.84. Hanesbrands Inc. debt-to-equity ratio currently stands at 5.04, while its quick ratio hovers at 0.80. HBI 52-week low price stands at $11.57 while its 52-week high price is $22.57.
The company in its last quarterly report recorded $0.48 earnings per share which is above the $0.46 predicted by most analysts. The Hanesbrands Inc. generated $1,768.30 million in revenue during the last quarter, which is slightly higher than the $1,709.01 million predicted by analysts. In the second quarter last year, the firm recorded $0.55 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -14.58%. Hanesbrands Inc. has the potential to record 1.51 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Evercore ISI published a research note on November 15th, 2018 where it informed investors and clients that Kimco Realty Corporation (NYSE:KIM) is now rated as In-line. Standpoint Research also rated KIM as Initiated on October 23rd, 2018, with its price target of $195 suggesting that KIM could down by -3.85% from its current share price. Even though the stock has been trading at $17.83/share, analysts expect it to surge higher by -0.11% to reach $17.15/share. It started the day trading at $17.94 and traded between $17.725 and $17.81 throughout the trading session.
A look at its technical shows that KIM’s 50-day SMA is 16.16 while its 200-day SMA stands at 16.11. The stock has a high of $17.96 for the year while the low is $13.16. The company’s P/E ratio currently sits at 31.14, while the P/B ratio is 1.39. The company’s average trading volume currently stands at 4.22M shares, which means that the short-interest ratio is just 4.39 days. Over the past seven days, the company moved, with its shift of 3.13%. Looking further, the stock has raised 9.87% over the past 90 days while it gained 8.33% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more KIM shares, decreasing its portfolio by -0.24% during the last quarter. This move now sees The Vanguard Group Inc selling -157,835 shares in the last quarter, thus it now holds 64,583,366 shares of KIM, with a total valuation of $946,146,312. BlackRock Fund Advisors meanwhile bought more KIM shares in the recently filed quarter, changing its stake to $420,954,184 worth of shares. SSgA Funds Management Inc followed the path by increasing its KIM portfolio by +2.92% in the quarter. This means that SSgA Funds Management Inc bought 705,201 shares in the last quarter and now controls 24,833,321 shares of the KIM stock, with the valuation hitting $363,808,153.
Similarly, Mellon Investments Corp increased its Kimco Realty Corporation shares by +20.88% during the recently filed quarter. After buying 2,312,838 shares in the last quarter, the firm now controls 13,388,234 shares of Kimco Realty Corporation which are valued at $196,137,628. In the same vein, Capital Research Management Co increased its Kimco Realty Corporation shares by during the most recent reported quarter. The firm bought 9,059 shares during the quarter which increased its stakes to 9,553,059 shares and is now valued at $139,952,314. Following these latest developments, around 0.10% of Kimco Realty Corporation stocks are owned by institutional investors and hedge funds.