Hanesbrands Inc. (NYSE:HBI)‘s stock had its “buy” rating reissued by research analysts at Brean Capital in a research note issued on Wednesday.
Other analysts also recently issued research reports about the company. FBR & Co set a $39.00 price objective on Hanesbrands and gave the company a “buy” rating in a research report on Sunday, October 30th. Oppenheimer Holdings, Inc. set a $35.00 target price on Hanesbrands and gave the company a “buy” rating in a report on Thursday, October 27th. Credit Suisse Group restated a “buy” rating and set a $37.00 target price on shares of Hanesbrands in a report on Wednesday, September 14th. DA Davidson upgraded Hanesbrands from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a report on Monday, December 12th. They noted that the move was a valuation call. Finally, CL King upgraded Hanesbrands from a “neutral” rating to a “buy” rating in a report on Monday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.15.
Hanesbrands (NYSE:HBI) traded down 2.23% during mid-day trading on Wednesday, reaching $21.93. 5,129,724 shares of the company traded hands. Hanesbrands has a 12-month low of $21.40 and a 12-month high of $31.36. The company’s 50-day moving average is $22.61 and its 200-day moving average is $25.02. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 16.96 and a beta of 0.94.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. Hanesbrands had a return on equity of 61.39% and a net margin of 8.55%. The firm earned $1.76 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Hanesbrands will post $1.90 earnings per share for the current fiscal year.
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In other Hanesbrands news, Director Jessica Tuchman Mathews sold 5,433 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $24.52, for a total value of $133,217.16. Following the completion of the transaction, the director now owns 127,839 shares in the company, valued at $3,134,612.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Beacon Financial Group boosted its stake in Hanesbrands by 1.9% in the third quarter. Beacon Financial Group now owns 60,544 shares of the company’s stock worth $1,523,000 after buying an additional 1,100 shares in the last quarter. Gareth Morgan Investments Limited Partnership bought a new stake in Hanesbrands during the third quarter worth approximately $3,733,000. Macquarie Group Ltd. boosted its stake in Hanesbrands by 26.9% in the second quarter. Macquarie Group Ltd. now owns 429,700 shares of the company’s stock worth $10,798,000 after buying an additional 91,050 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Hanesbrands by 2.5% in the third quarter. BlackRock Fund Advisors now owns 6,055,053 shares of the company’s stock worth $152,890,000 after buying an additional 147,940 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in Hanesbrands by 241.0% in the second quarter. Sit Investment Associates Inc. now owns 562,860 shares of the company’s stock worth $14,145,000 after buying an additional 397,790 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Hanesbrands Company Profile
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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