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.
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.
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