News headlines about Hanesbrands (NYSE:HBI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanesbrands earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 46.112716449265 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- International Sales to Boost Hanesbrands (HBI) Q3 Earnings? (nasdaq.com)
- Hanesbrands Inc (NYSE: HBI) – May This Data Fuel Up Investor’s Confidence – Alpha Beta Stock (alphabetastock.com)
- HanesBrands Enters Oversold Territory – Nasdaq (nasdaq.com)
- Hanes Hosiery Transforms Legwear with the Launch of Perfect Tights (finance.yahoo.com)
- Hanesbrands Inc (NYSE: HBI) – Active Mover – Alpha Beta Stock (alphabetastock.com)
Hanesbrands (NYSE:HBI) opened at 22.52 on Monday. The stock has a market capitalization of $8.21 billion, a PE ratio of 14.76 and a beta of 0.72. The stock’s 50 day moving average price is $24.10 and its 200 day moving average price is $22.97. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $27.07.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $0.51 EPS. Hanesbrands’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Hanesbrands will post $1.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 39.47%.
HBI has been the subject of a number of recent research reports. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group set a $28.00 target price on Hanesbrands and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 9th. Oppenheimer Holdings, Inc. set a $32.00 target price on Hanesbrands and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Vetr downgraded Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.80.
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In related news, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was 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 of the company’s stock, valued at approximately $6,128,046.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total value of $250,587.75. Following the sale, the insider now directly owns 99,997 shares of the company’s stock, valued at $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
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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