Hanesbrands Inc. (NYSE:HBI)‘s stock had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Wednesday, October 18th.
HBI has been the subject of several other research reports. Buckingham Research reiterated a “buy” rating and set a $30.00 price target on shares of Hanesbrands in a report on Monday, July 17th. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research cut shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Vetr cut shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a report on Monday, August 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.80.
Shares of Hanesbrands (HBI) traded down 1.31% during mid-day trading on Wednesday, hitting $22.52. 7,203,551 shares of the stock traded hands. The firm has a 50 day moving average of $24.10 and a 200 day moving average of $22.97. The company has a market cap of $8.21 billion, a P/E ratio of 14.76 and a beta of 0.72. Hanesbrands has a 12 month low of $18.91 and a 12 month high of $26.05.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Hanesbrands will post $1.98 EPS for the current fiscal year.
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In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John T. Marsh sold 10,325 shares of the company’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 transaction, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. E&G Advisors LP raised its position in Hanesbrands by 17.1% during the 3rd quarter. E&G Advisors LP now owns 20,500 shares of the textile maker’s stock worth $505,000 after buying an additional 3,000 shares during the last quarter. Stewart & Patten Co. LLC raised its position in Hanesbrands by 69.4% during the 3rd quarter. Stewart & Patten Co. LLC now owns 210,692 shares of the textile maker’s stock worth $5,192,000 after buying an additional 86,310 shares during the last quarter. Cadence Bank NA purchased a new position in Hanesbrands during the 3rd quarter worth $214,000. Linscomb & Williams Inc. purchased a new position in Hanesbrands during the 3rd quarter worth $1,953,000. Finally, Northern Capital Management LLC purchased a new position in Hanesbrands during the 3rd quarter worth $3,816,000. Institutional investors own 95.05% 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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