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.
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.
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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