Shares of Hanesbrands Inc. (NYSE:HBI) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $26.14.
Several research firms recently commented on HBI. BidaskClub upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a research report on Monday, August 7th. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Credit Suisse Group reissued a “buy” rating and issued a $30.00 price target on shares of Hanesbrands in a research report on Thursday, August 3rd. Finally, UBS AG reissued a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a research report on Wednesday, August 2nd.
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In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the transaction, the insider now owns 99,997 shares in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard D. Moss sold 20,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,704 shares of company stock worth $1,737,713. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of Hanesbrands by 0.3% in the second quarter. Alps Advisors Inc. now owns 23,635 shares of the textile maker’s stock worth $547,000 after purchasing an additional 61 shares during the period. CIBC Asset Management Inc boosted its stake in Hanesbrands by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,700 shares of the textile maker’s stock valued at $850,000 after buying an additional 106 shares in the last quarter. Sentry Investment Management LLC boosted its stake in Hanesbrands by 0.4% in the second quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after buying an additional 109 shares in the last quarter. ARGI Investment Services LLC boosted its stake in Hanesbrands by 1.2% in the second quarter. ARGI Investment Services LLC now owns 10,696 shares of the textile maker’s stock valued at $248,000 after buying an additional 127 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Hanesbrands by 0.3% in the first quarter. Advantus Capital Management Inc now owns 37,884 shares of the textile maker’s stock valued at $786,000 after buying an additional 131 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
Hanesbrands (HBI) traded down 0.08% during mid-day trading on Friday, reaching $24.71. 4,175,548 shares of the company were exchanged. The company’s 50 day moving average price is $24.32 and its 200-day moving average price is $22.30. The stock has a market capitalization of $9.01 billion, a P/E ratio of 16.19 and a beta of 0.71. Hanesbrands has a 12 month low of $18.91 and a 12 month high of $27.07.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities analysts expect that Hanesbrands will post $1.99 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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