Hanesbrands Inc. (NYSE:HBI) announced its quarterly earnings data on Wednesday. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60, Bloomberg Earnings reports. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $0.56 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Hanesbrands updated its Q4 guidance to $0.51-$0.53 EPS.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. Hanesbrands’s dividend payout ratio (DPR) is presently 39.47%.
In other news, insider John T. Marsh sold 10,325 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 254,487 shares of the company’s stock, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
A number of analysts recently weighed in on HBI shares. ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays PLC started coverage on shares of Hanesbrands in a research report on Tuesday, September 19th. They set an “overweight” rating and a $31.00 price target for the company. FBR & Co reaffirmed a “buy” rating and set a $33.00 price target on shares of Hanesbrands in a research report on Thursday, September 21st. Nomura cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. Finally, Instinet cut shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.74.
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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