Hanesbrands Inc. (HBI) Given Consensus Recommendation of “Hold” by Brokerages

Hanesbrands Inc. (NYSE:HBI) has been assigned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.96.

HBI has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Buckingham Research reduced their target price on Hanesbrands from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Deutsche Bank initiated coverage on Hanesbrands in a research report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price on the stock. DA Davidson set a $27.00 target price on Hanesbrands and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Morgan Stanley reduced their target price on Hanesbrands from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd.

In related news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.70, for a total value of $1,071,080.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Hanesbrands by 47.7% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,600 shares of the textile maker’s stock worth $473,000 after purchasing an additional 7,300 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Hanesbrands during the 4th quarter worth $2,359,000. Gotham Asset Management LLC acquired a new position in Hanesbrands during the 4th quarter worth $21,159,000. Advisors Management Group Inc. ADV acquired a new position in Hanesbrands during the 4th quarter worth $791,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Hanesbrands by 14.6% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 22,920 shares of the textile maker’s stock worth $479,000 after purchasing an additional 2,920 shares in the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.

Hanesbrands (HBI) traded down $0.08 during trading hours on Tuesday, reaching $20.49. The company’s stock had a trading volume of 4,751,360 shares, compared to its average volume of 9,779,478. Hanesbrands has a 12 month low of $18.57 and a 12 month high of $25.73. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. The stock has a market capitalization of $7,381.38, a P/E ratio of 136.60, a P/E/G ratio of 1.29 and a beta of 0.68.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. equities analysts expect that Hanesbrands will post 1.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. Hanesbrands’s dividend payout ratio is presently 400.00%.

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Hanesbrands Company Profile

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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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