BidaskClub lowered shares of Hanesbrands Inc. (NYSE:HBI) from a buy rating to a hold rating in a research note released on Wednesday, July 12th.
A number of other research firms have also weighed in on HBI. ValuEngine raised shares of Hanesbrands from a hold rating to a buy rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $32.00 price objective on shares of Hanesbrands and gave the company a buy rating in a research report on Wednesday, April 12th. Zacks Investment Research raised shares of Hanesbrands from a sell rating to a hold rating in a research report on Tuesday, April 18th. DA Davidson set a $27.00 price objective on shares of Hanesbrands and gave the company a buy rating in a research report on Saturday, April 8th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Hanesbrands in a research report on Tuesday, March 28th. They issued a neutral rating and a $20.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $27.57.
Hanesbrands (NYSE:HBI) traded up 1.36% during mid-day trading on Wednesday, hitting $24.62. 7,161,097 shares of the stock traded hands. The firm’s 50-day moving average is $22.99 and its 200-day moving average is $21.64. Hanesbrands has a 12-month low of $18.91 and a 12-month high of $28.24. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 16.13 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The business 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%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts expect that Hanesbrands will post $1.99 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.44%. Hanesbrands’s dividend payout ratio is currently 39.47%.
In other Hanesbrands news, insider John T. Marsh sold 11,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $22.57, for a total transaction of $250,527.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider W Howard Upchurch, Jr. sold 55,850 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $22.90, for a total transaction of $1,278,965.00. Following the sale, the insider now owns 579,663 shares of the company’s stock, valued at $13,274,282.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,329 shares of company stock valued at $3,016,617. 1.10% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in HBI. Lazard Asset Management LLC increased 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 valued at $103,000 after buying an additional 1,000 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Hanesbrands by 7.4% in the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Hanesbrands by 24.4% in the first quarter. Carroll Financial Associates Inc. now owns 5,997 shares of the textile maker’s stock valued at $124,000 after buying an additional 1,177 shares during the period. Washington Trust Bank increased its position in shares of Hanesbrands by 50.0% in the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after buying an additional 2,000 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Hanesbrands by 11.6% in the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock valued at $141,000 after buying an additional 708 shares during the period. Institutional investors own 93.68% 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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