Market Overview

UPDATE: D.A. Davidson Reiterates On Hanesbrands Following Encouraging Beat And Raise


In a report published Thursday, D.A. Davidson analyst Andrew Burns reiterated a Neutral rating on Hanesbrands (NYSE: HBI), and raised the price target from $115.00 to $118.00.

In the report, D.A. Davidson noted, “HBI reported revenue and adjusted EPS of $1.401 billion and $1.73 (GAAP $1.16), compared to consensus at $1.414 billion and $1.68, and our estimates of $1.410 billion and $1.69. Revenue grew 17.0% (1% excluding acquisitions) year-over-year (y/y), driven by 62.7% growth in International (down 3% c.c. excluding acquisitions), 15.7% growth in Innerwear (up slightly excluding Maidenform), and 4.9% growth in Activewear. Adjusted gross margin expanded 193bp y/y to 37.1%, driven by supply chain efficiencies, Innovate-to-Elevate (I2E), and a one-month DBApparel contribution (+60bp). SG&A was up 23.9% to $303.3 million, representing 21.6% percent of sales (vs. 20.4% in 3Q13). 90bp of SG&A deleverage was due to DBApparel.”

Hanesbrands closed on Wednesday at $110.01.

Latest Ratings for HBI

Sep 2019MaintainsNeutral
Aug 2019MaintainsNeutral
Aug 2019ReiteratesNeutral

View More Analyst Ratings for HBI
View the Latest Analyst Ratings

Posted-In: Andrew Burns D.A. DavidsonAnalyst Color Price Target Analyst Ratings


Related Articles (HBI)

View Comments and Join the Discussion!

Latest Ratings

PNRJefferiesInitiates Coverage On
IPHIBank of AmericaMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Keefe, Bruyette & Woods Reiterates On Cullen/Frost Bankers Following 3Q14 Results

UPDATE: Morgan Stanley Reiterates On WEX On Solid Underlying Fundamentals