Shares of Hanesbrands Inc. (NYSE:HBI) have earned an average rating of “Buy” from the sixteen ratings firms that are 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 assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.14.
Several research analysts have weighed in on the stock. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. UBS AG reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Hanesbrands in a research note on Tuesday, August 8th. BidaskClub raised shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. set a $32.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Tuesday, August 29th.
Hanesbrands (HBI) traded up 0.16% during midday trading on Friday, reaching $25.27. 4,230,588 shares of the company’s stock traded hands. The firm’s 50-day moving average is $24.28 and its 200-day moving average is $22.23. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 16.56 and a beta of 0.71. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $27.07.
Hanesbrands (NYSE:HBI) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. Hanesbrands’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. Analysts forecast that Hanesbrands will post $1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, August 11th. Hanesbrands’s payout ratio is 39.47%.
In related news, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerald Evans sold 43,379 shares of Hanesbrands stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.18, for a total transaction of $1,005,525.22. Following the completion of the transaction, the chief executive officer now owns 1,056,314 shares of the company’s stock, valued at approximately $24,485,358.52. The disclosure for this sale can be found here. In the last three months, insiders sold 73,704 shares of company stock valued at $1,737,713. Insiders own 1.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its stake in Hanesbrands by 25.0% in the first quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after acquiring an additional 1,000 shares during the last quarter. QS Investors LLC lifted its stake in Hanesbrands by 2.8% in the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after acquiring an additional 140 shares during the last quarter. Van ECK Associates Corp lifted its stake in Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after acquiring an additional 415 shares during the last quarter. Washington Trust Bank lifted its stake in Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after acquiring an additional 2,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after acquiring an additional 708 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.
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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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