Hanesbrands Inc. (NYSE:HBI) had its price objective decreased by Barclays PLC from $31.00 to $26.00 in a report released on Thursday. Barclays PLC currently has an overweight rating on the textile maker’s stock.
Other analysts have also issued research reports about the company. ValuEngine lowered Hanesbrands from a buy rating to a hold rating in a research note on Friday, September 1st. Nomura lowered Hanesbrands from a buy rating to a neutral rating and set a $26.00 price target on the stock. in a research note on Thursday, September 21st. Instinet lowered Hanesbrands from a buy rating to a neutral rating and set a $26.00 price target on the stock. in a research note on Thursday, September 21st. FBR & Co reaffirmed a buy rating and issued a $33.00 price target on shares of Hanesbrands in a research note on Thursday, September 21st. 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 research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hanesbrands presently has an average rating of Hold and an average target price of $26.13.
Shares of Hanesbrands (HBI) traded down $0.72 during mid-day trading on Thursday, hitting $19.36. The company had a trading volume of 10,495,729 shares, compared to its average volume of 5,694,564. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.88 and a quick ratio of 0.89. Hanesbrands has a 1-year low of $18.91 and a 1-year high of $26.05. The company has a market cap of $7,056.31, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. sell-side analysts predict that Hanesbrands will post 1.94 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.10%. Hanesbrands’s payout ratio is currently 37.04%.
In other news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the sale, 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 SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HBI. Teachers Advisors LLC increased its holdings in Hanesbrands by 2.7% in the first quarter. Teachers Advisors LLC now owns 913,362 shares of the textile maker’s stock valued at $18,961,000 after purchasing an additional 24,181 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Hanesbrands by 6.9% in the first quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock valued at $290,000 after purchasing an additional 900 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hanesbrands by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock valued at $23,831,000 after purchasing an additional 23,114 shares during the last quarter. Bank of Nova Scotia bought a new stake in Hanesbrands in the first quarter valued at about $1,619,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Hanesbrands by 9.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 49,750 shares of the textile maker’s stock valued at $1,033,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
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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