Hanesbrands (NYSE:HBI) CEO Gerald Evans purchased 17,500 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were acquired at an average price of $17.66 per share, for a total transaction of $309,050.00. Following the purchase, the chief executive officer now directly owns 1,198,206 shares in the company, valued at $21,160,317.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of HBI stock traded up $0.24 on Friday, hitting $18.38. 11,014,103 shares of the stock traded hands, compared to its average volume of 7,851,850. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.37 and a beta of 0.72. Hanesbrands has a 52 week low of $16.38 and a 52 week high of $25.73. The company has a debt-to-equity ratio of 5.93, a current ratio of 2.03 and a quick ratio of 0.81.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Hanesbrands had a net margin of 1.08% and a return on equity of 75.80%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. equities research analysts expect that Hanesbrands will post 1.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.26%. Hanesbrands’s payout ratio is 31.09%.
HBI has been the topic of several analyst reports. DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Friday, April 13th. B. Riley set a $30.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Monday, May 14th. Credit Suisse Group initiated coverage on shares of Hanesbrands in a research note on Monday, March 12th. They set a “neutral” rating and a $21.00 price target on the stock. ValuEngine cut shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Barclays dropped their price target on shares of Hanesbrands from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.22.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Optimum Investment Advisors bought a new stake in Hanesbrands in the 1st quarter valued at $103,000. Global Trust Asset Management LLC bought a new stake in Hanesbrands in the 4th quarter valued at $134,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Hanesbrands in the 4th quarter valued at $134,000. Stratos Wealth Partners LTD. increased its holdings in Hanesbrands by 183.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 4,763 shares during the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in Hanesbrands in the 1st quarter valued at $140,000. Institutional investors own 98.80% of the company’s stock.
Hanesbrands Company Profile
Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.
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