Hanesbrands Inc. (HBI) Earns “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Hanesbrands Inc. (NYSE:HBI) in a research note released on Friday morning. They currently have a $23.00 target price on the textile maker’s stock.

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Hanesbrands from a buy rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Hanesbrands from a buy rating to a hold rating in a report on Wednesday, August 9th. Cowen and Company set a $22.00 price objective on shares of Hanesbrands and gave the company a hold rating in a report on Thursday, August 24th. Barclays PLC began coverage on shares of Hanesbrands in a report on Tuesday, September 19th. They issued an overweight rating and a $31.00 price objective on the stock. Finally, FBR & Co reiterated a buy rating and issued a $33.00 price objective on shares of Hanesbrands in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. Hanesbrands presently has an average rating of Hold and a consensus target price of $26.13.

Shares of Hanesbrands (NYSE HBI) opened at $19.36 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90. The company has a market cap of $7,058.35, a price-to-earnings ratio of 9.93, a PEG ratio of 1.11 and a beta of 0.73. Hanesbrands has a 1 year low of $18.91 and a 1 year high of $26.05.

Hanesbrands (NYSE:HBI) last issued its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. research analysts forecast that Hanesbrands will post 1.94 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/11/06/hanesbrands-inc-hbi-earns-hold-rating-from-stifel-nicolaus.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is presently 37.04%.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were 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 of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Hanesbrands by 0.8% during the 2nd quarter. BlackRock Inc. now owns 23,050,392 shares of the textile maker’s stock worth $533,848,000 after buying an additional 174,498 shares during the period. State Street Corp grew its position in shares of Hanesbrands by 0.9% during the 2nd quarter. State Street Corp now owns 15,512,816 shares of the textile maker’s stock worth $359,281,000 after buying an additional 136,465 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of Hanesbrands by 2.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 10,113,900 shares of the textile maker’s stock worth $234,238,000 after buying an additional 260,820 shares during the period. Bessemer Group Inc. grew its position in shares of Hanesbrands by 2.9% during the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock worth $147,284,000 after buying an additional 169,250 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in shares of Hanesbrands by 1.2% during the 2nd quarter. TimesSquare Capital Management LLC now owns 3,129,600 shares of the textile maker’s stock worth $72,482,000 after buying an additional 37,350 shares during the period. 95.28% of the stock is owned by institutional investors.

About Hanesbrands

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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

What are top analysts saying about Hanesbrands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hanesbrands Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit