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.
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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.
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