What is Hanesbrands' current analyst price target?

The consensus analyst price target for Hanesbrands has remained steady at $6.55.

How does TD Securities view the Hanesbrands and Gildan Activewear partnership?

TD Securities sees significant long-term EPS growth and free cash flow potential from the synergy between Hanesbrands and Gildan Activewear.

Are there concerns about Hanesbrands' short-term financial performance?

Yes, TD Securities expressed caution regarding near-term prospects, noting a less compelling third-quarter outlook with EPS estimates slightly below consensus.

Home / Business and Economy / Hanesbrands: Analyst Targets Steady, But Growth Concerns Loom

Hanesbrands: Analyst Targets Steady, But Growth Concerns Loom

27 Nov

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Summary

Analyst price target for Hanesbrands remains unchanged at $6.55.
TD Securities sees growth acceleration potential for Hanesbrands with Gildan.
Third quarter outlook for Hanesbrands shows less investor excitement.

Hanesbrands: Analyst Targets Steady, But Growth Concerns Loom

Hanesbrands' stock has seen its consensus analyst price target hold steady at $6.55, indicating a period of reassessment by experts. While the discount rate has slightly decreased, forecasts for revenue growth have experienced a notable dip. This suggests a cautious sentiment as the company navigates evolving market conditions.

TD Securities has expressed optimism regarding Hanesbrands' potential, particularly in conjunction with Gildan Activewear. Analysts highlighted the compelling platform created by combining North America's activewear leader with the retail innerwear leader, forecasting accelerated EPS growth and robust free cash flow generation. TD Securities even raised its price target for Gildan Activewear to $73, maintaining a Buy rating.

Despite the long-term growth thesis, TD Securities also voiced reservations about Hanesbrands' near-term prospects. The firm noted that the third quarter outlook is less exciting for investors, with its Q3 EPS estimate of $0.96 falling slightly below consensus. This indicates lingering concerns about immediate earnings momentum.

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