Equities research analysts expect Hanesbrands Inc. (NYSE:HBI) to post $1.63 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hanesbrands’ earnings. The highest sales estimate is $1.64 billion and the lowest is $1.61 billion. Hanesbrands reported sales of $1.58 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is scheduled to announce its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Hanesbrands will report full year sales of $1.63 billion for the current financial year, with estimates ranging from $6.43 billion to $6.47 billion. For the next fiscal year, analysts expect that the business will report sales of $6.62 billion per share, with estimates ranging from $6.49 billion to $6.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Hanesbrands.
Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 64.73% and a net margin of 9.43%. Hanesbrands’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share.
A number of research firms recently issued reports on HBI. FBR & Co reaffirmed a “buy” rating and issued a $33.00 target price on shares of Hanesbrands in a research report on Thursday, September 21st. Barclays began coverage on Hanesbrands in a research report on Tuesday, September 19th. They issued an “overweight” rating and a $31.00 target price on the stock. Cowen set a $22.00 target price on Hanesbrands and gave the company a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research raised Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 9th. Finally, UBS downgraded Hanesbrands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Hanesbrands has a consensus rating of “Hold” and an average price target of $26.13.
Large investors have recently modified their holdings of the company. Freestone Capital Holdings LLC boosted its holdings in shares of Hanesbrands by 14.0% during the second quarter. Freestone Capital Holdings LLC now owns 180,729 shares of the textile maker’s stock worth $4,186,000 after acquiring an additional 22,190 shares during the period. HAP Trading LLC boosted its holdings in shares of Hanesbrands by 180.8% during the third quarter. HAP Trading LLC now owns 12,934 shares of the textile maker’s stock worth $319,000 after acquiring an additional 28,934 shares during the period. Northern Capital Management LLC bought a new stake in shares of Hanesbrands during the third quarter worth approximately $3,816,000. Victory Capital Management Inc. boosted its holdings in shares of Hanesbrands by 4.5% during the third quarter. Victory Capital Management Inc. now owns 698,044 shares of the textile maker’s stock worth $17,199,000 after acquiring an additional 30,202 shares during the period. Finally, Tradition Capital Management LLC boosted its holdings in shares of Hanesbrands by 21.8% during the second quarter. Tradition Capital Management LLC now owns 249,960 shares of the textile maker’s stock worth $5,789,000 after acquiring an additional 44,785 shares during the period. Institutional investors own 96.92% of the company’s stock.
Hanesbrands (HBI) traded up $0.29 during trading hours on Thursday, hitting $21.24. The company had a trading volume of 6,043,000 shares, compared to its average volume of 5,292,474. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $7,638.04, a P/E ratio of 10.74, a P/E/G ratio of 1.20 and a beta of 0.70. Hanesbrands has a twelve month low of $18.90 and a twelve month high of $25.73.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, November 13th. Hanesbrands’s payout ratio is currently 37.04%.
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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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