Barclays’ Americas Top Picks List is regarded as a trustworthy and thoroughly researched report among investors. The analyst firm has included Hanesbrands Inc. (NYSE:HBI), MGM Resorts International (NYSE:MGM), and Panera Bread Co (NASDAQ:PNRA) in its latest list as the primary retail stocks with high upside potential.
Hanesbrands Inc. (NYSE:HBI) has gained a place in Barclays list because of its distinguished growth story and the analysis firm has put a price target of $38 for its stock. The apparel maker initiated margin expansion efforts, Innovate-to-Elevate, along with its merger and acquisition growth strategy. Barclays believes that these two factors could help the company achieve EPS growth of 20% in the longer run.
Hanesbrands Inc. (NYSE:HBI) executed 4-for-1 stock split in March 2015 under which, every existing shareowner of the company received three additional shares against every single share held as of record on Feb 9, 2015. Richard A. Noll, Chief Executive Officer and Chairman of Hanes, mentioned the shareholder value creation of the company. He said, “We have posted record results for sales, adjusted operating profit, and adjusted earnings per share the past two years and our guidance for 2015 would represent another year of record results.” Hanesbrands Inc. (NYSE:HBI) has paid $220 million in cash dividends since its first cash dividend announced in June 2013. The apparel manufacturer completed the acquisition of Knights Apparel, leading seller of collegiate logo apparel, on April 8, 2015 valuing Knights Apparel at $200 million.
The shares of Hanesbrands Inc. (NYSE:HBI) are up 18.49% in 2015 and are currently trading at $33.32. Smart Money is bullish over the stock of Hanesbrands Inc., as majority of the hedge fund managers tracked at Insider Monkey have raised their stake in the apparel manufacturer. However, the net invested amount slid slightly to $956.68 million from the previous quarter aggregate investments of $983.77 million. Among the 34 hedge fund managers holding positions in the company, John Shapiro of Chieftain Capital held a large position including 6.93 million shares for market value of $232.08 million.
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