Hanesbrands Inc. (NYSE:HBI) – Equities research analysts at Oppenheimer Holdings issued their FY2017 earnings per share (EPS) estimates for Hanesbrands in a report issued on Monday, Zacks Investment Research reports. Oppenheimer Holdings analyst A. Andreeva forecasts that the textile maker will earn $2.05 per share for the year. Oppenheimer Holdings has a “Market Perform” rating and a $26.00 price objective on the stock.
Several other brokerages have also recently commented on HBI. BidaskClub cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Nomura dropped their target price on shares of Hanesbrands from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Cowen and Company set a $22.00 target price on shares of Hanesbrands and gave the company a “hold” rating in a research report on Thursday, August 24th. B. Riley reiterated a “buy” rating on shares of Hanesbrands in a research report on Thursday, November 2nd. Finally, Morgan Stanley upped their price objective on shares of Hanesbrands from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.13.
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Shares of Hanesbrands (HBI) traded down $0.18 during trading on Thursday, hitting $19.29. 4,609,900 shares of the company’s stock traded hands, compared to its average volume of 5,147,772. The company has a market cap of $7,098.45, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. Hanesbrands has a 52 week low of $18.91 and a 52 week high of $26.05. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 2.90.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Hanesbrands had a net margin of 9.43% and a return on equity of 64.73%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.56 EPS. Hanesbrands’s revenue was up 2.2% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.11%. Hanesbrands’s dividend payout ratio is 37.04%.
In other news, insider John T. Marsh sold 10,325 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,426,927.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after acquiring an additional 1,000 shares during the period. QS Investors LLC raised its holdings in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 140 shares during the period. Washington Trust Bank raised its holdings in Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after acquiring an additional 2,000 shares during the period. Archford Capital Strategies LLC raised its holdings in Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after acquiring an additional 1,247 shares during the period. Finally, Commonwealth Bank of Australia increased its holdings in shares of Hanesbrands by 19.2% during the second quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after purchasing an additional 1,062 shares during the period. Institutional investors and hedge funds own 95.28% 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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