Oppenheimer Holdings Weighs in on Hanesbrands Inc.’s FY2017 Earnings (HBI)

Hanesbrands Inc. (NYSE:HBI) – Oppenheimer Holdings lowered their FY2017 earnings estimates for Hanesbrands in a note issued to investors on Wednesday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the textile maker will earn $1.95 per share for the year, down from their prior estimate of $2.05. Oppenheimer Holdings currently has a “Market Perform” rating and a $26.00 target price on the stock. Oppenheimer Holdings also issued estimates for Hanesbrands’ Q4 2017 earnings at $0.53 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.05 EPS.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $0.56 EPS. The company’s revenue was up 2.2% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “Oppenheimer Holdings Weighs in on Hanesbrands Inc.’s FY2017 Earnings (HBI)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/11/06/oppenheimer-holdings-weighs-in-on-hanesbrands-inc-s-fy2017-earnings-hbi.html.

A number of other analysts have also recently weighed in on HBI. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research restated a “buy” rating and issued a $30.00 price target on shares of Hanesbrands in a report on Monday, July 17th. Credit Suisse Group set a $28.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a report on Thursday, July 27th. UBS AG restated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Hanesbrands in a report on Wednesday, August 2nd. Finally, Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price target on the stock. in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.13.

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

A number of institutional investors and hedge funds have recently bought and sold shares of HBI. Teachers Advisors LLC grew its stake in shares of Hanesbrands by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 913,362 shares of the textile maker’s stock worth $18,961,000 after purchasing an additional 24,181 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Hanesbrands by 6.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,990 shares of the textile maker’s stock worth $290,000 after purchasing an additional 900 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hanesbrands by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,147,948 shares of the textile maker’s stock worth $23,831,000 after purchasing an additional 23,114 shares during the period. Bank of Nova Scotia acquired a new stake in shares of Hanesbrands during the 1st quarter worth approximately $1,619,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Hanesbrands by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 49,750 shares of the textile maker’s stock worth $1,033,000 after purchasing an additional 4,300 shares during the period. 95.28% of the stock is owned by institutional investors.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the firm’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 transaction of $250,587.75. Following the completion of the transaction, the insider now directly 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 this link. Company insiders own 1.10% of the company’s stock.

The firm also recently declared 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%.

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.

Earnings History and Estimates 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