UBS analyst Jay Sole maintains $Hanesbrands (HBI.US)$ with a hold rating, and adjusts the target price from $6.5 to $9.
According to TipRanks data, the analyst has a success rate of 51.1% and a total average return of 6.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hanesbrands (HBI.US)$'s main analysts recently are as follows:
The firm's analysis indicates that the stabilization and renewed concentration on the core innerwear business is ongoing, with efforts to reduce debt expected to continue into the following year.
Hanesbrands' recent revenue surpassed estimates for the first time since the first quarter of the year, contributing to earnings per share growth in the third quarter. The improved adjusted earnings per share outlook for the following year, now exceeding the previous forecast range, indicates that the company's value creation model relies on sustained revenue growth, increased adjusted EBIT margins, cash generation, and decreased interest expenses.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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