$1.43 Billion in Sales Expected for Hanesbrands Inc. (HBI) This Quarter

Analysts expect that Hanesbrands Inc. (NYSE:HBI) will post $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hanesbrands’ earnings. The lowest sales estimate is $1.42 billion and the highest is $1.44 billion. Hanesbrands reported sales of $1.38 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The business is expected to announce its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Hanesbrands will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $6.70 billion to $6.78 billion. For the next financial year, analysts expect that the company will post sales of $6.87 billion per share, with estimates ranging from $6.80 billion to $6.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hanesbrands.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hanesbrands had a return on equity of 72.30% and a net margin of 0.96%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share.

Several equities analysts recently issued reports on HBI shares. Zacks Investment Research cut Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine cut Hanesbrands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Barclays increased their target price on Hanesbrands from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Citigroup reissued a “neutral” rating and issued a $23.00 target price on shares of Hanesbrands in a research note on Tuesday, December 19th. Finally, DA Davidson set a $27.00 target price on Hanesbrands and gave the company a “buy” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Hanesbrands currently has an average rating of “Hold” and a consensus target price of $25.12.

Hanesbrands (NYSE HBI) traded up $0.14 during trading on Friday, reaching $20.15. The company had a trading volume of 4,278,553 shares, compared to its average volume of 8,040,000. The company has a market capitalization of $7,260.00, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. Hanesbrands has a fifty-two week low of $18.57 and a fifty-two week high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 42.55%.

In other news, insider W Howard Upchurch, Jr. sold 51,743 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.70, for a total transaction of $1,071,080.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Several large investors have recently bought and sold shares of HBI. Engine Capital Management LLC bought a new position in shares of Hanesbrands during the third quarter worth about $106,000. Tiedemann Wealth Management LLC grew its holdings in shares of Hanesbrands by 12.4% during the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after buying an additional 3,787 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Hanesbrands during the fourth quarter worth about $134,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Hanesbrands during the fourth quarter worth about $134,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Hanesbrands during the third quarter worth about $138,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

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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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