Hanesbrands (HBI) PT Set at $19.00 by Barclays

Barclays set a $19.00 price target on Hanesbrands (NYSE:HBI) in a report released on Saturday morning. The brokerage currently has a hold rating on the textile maker’s stock.

Other research analysts have also recently issued reports about the stock. Standpoint Research initiated coverage on shares of Hanesbrands in a report on Tuesday, October 23rd. They issued a buy rating and a $20.00 target price for the company. Buckingham Research decreased their target price on shares of Hanesbrands from $26.00 to $24.00 and set a buy rating for the company in a report on Wednesday, October 17th. Zacks Investment Research upgraded shares of Hanesbrands from a sell rating to a hold rating in a report on Tuesday, October 23rd. Deutsche Bank cut shares of Hanesbrands from a buy rating to a hold rating and decreased their target price for the stock from $24.00 to $16.00 in a report on Friday, January 11th. Finally, Wells Fargo & Co decreased their target price on shares of Hanesbrands from $18.00 to $14.00 and set a market perform rating for the company in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $20.53.

Shares of HBI opened at $18.39 on Friday. The company has a market capitalization of $6.44 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.86. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.72 and a current ratio of 1.73. Hanesbrands has a 12-month low of $11.57 and a 12-month high of $22.57.

Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, research analysts forecast that Hanesbrands will post 1.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, February 15th. Hanesbrands’s dividend payout ratio (DPR) is presently 35.09%.

In other Hanesbrands news, Director Jessica Tuchman Mathews sold 15,000 shares of Hanesbrands stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $13.57, for a total value of $203,550.00. Following the completion of the sale, the director now directly owns 139,693 shares in the company, valued at $1,895,634.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider W Howard Upchurch, Jr. sold 40,688 shares of Hanesbrands stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $14.81, for a total transaction of $602,589.28. Following the completion of the sale, the insider now owns 453,282 shares of the company’s stock, valued at $6,713,106.42. The disclosure for this sale can be found here. Insiders acquired 36,600 shares of company stock valued at $541,329 over the last quarter. Corporate insiders own 1.06% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $36,000. Atlas Capital Advisors LLC bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $39,000. Clean Yield Group bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $55,000. Truehand Inc bought a new position in shares of Hanesbrands in the fourth quarter valued at approximately $63,000. Finally, Private Capital Group LLC raised its position in shares of Hanesbrands by 33.9% in the fourth quarter. Private Capital Group LLC now owns 5,120 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 1,296 shares during the period.

Hanesbrands Company Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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