FBR & Co reiterated their buy rating on shares of Hanesbrands Inc. (NYSE:HBI) in a research report released on Thursday. FBR & Co currently has a $33.00 target price on the textile maker’s stock. FBR & Co also issued estimates for Hanesbrands’ Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $2.01 EPS and FY2018 earnings at $2.22 EPS.
Other research analysts have also recently issued research reports about the company. ValuEngine raised Hanesbrands from a hold rating to a buy rating in a report on Thursday, July 6th. BidaskClub raised Hanesbrands from a hold rating to a buy rating in a report on Wednesday, July 5th. Credit Suisse Group set a $28.00 price target on Hanesbrands and gave the company a buy rating in a report on Thursday, July 27th. Buckingham Research reaffirmed a buy rating and issued a $30.00 price target on shares of Hanesbrands in a report on Monday, July 17th. Finally, UBS AG reaffirmed a buy rating and issued a $27.00 price target (up previously from $25.00) on shares of Hanesbrands in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Hanesbrands presently has an average rating of Hold and an average price target of $27.27.
Hanesbrands (NYSE:HBI) opened at 24.54 on Thursday. The stock has a market capitalization of $8.94 billion, a P/E ratio of 16.08 and a beta of 0.71. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $27.07. The company has a 50-day moving average price of $24.37 and a 200 day moving average price of $22.33.
Hanesbrands (NYSE:HBI) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Hanesbrands will post $1.99 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, August 11th. Hanesbrands’s dividend payout ratio is presently 39.47%.
In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the sale, the chief financial officer now directly owns 254,487 shares in the company, valued at $6,128,046.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Marsh sold 10,325 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The disclosure for this sale can be found here. Insiders sold 73,704 shares of company stock valued at $1,737,713 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Hanesbrands by 6.2% during the first quarter. Vanguard Group Inc. now owns 36,962,193 shares of the textile maker’s stock valued at $767,336,000 after acquiring an additional 2,158,679 shares during the period. BlackRock Inc. boosted its holdings in Hanesbrands by 0.8% during the second quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock valued at $533,848,000 after acquiring an additional 174,498 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Hanesbrands by 19.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,936,667 shares of the textile maker’s stock valued at $330,846,000 after acquiring an additional 2,544,916 shares during the period. State Street Corp boosted its holdings in Hanesbrands by 0.9% during the second quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock valued at $359,281,000 after acquiring an additional 136,465 shares during the period. Finally, FMR LLC boosted its holdings in Hanesbrands by 0.3% during the first quarter. FMR LLC now owns 14,130,991 shares of the textile maker’s stock valued at $293,359,000 after acquiring an additional 45,960 shares during the period. Institutional investors own 94.28% of the company’s stock.
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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