Hanesbrands (NYSE:HBI) had its price target trimmed by Nomura from $18.00 to $17.00 in a report published on Friday. The firm currently has a neutral rating on the textile maker’s stock.
A number of other research firms have also commented on HBI. Standpoint Research started coverage on shares of Hanesbrands in a report on Tuesday, October 23rd. They set a buy rating and a $20.00 price target for the company. Barclays set a $18.00 price objective on shares of Hanesbrands and gave the stock a hold rating in a report on Thursday. Credit Suisse Group decreased their price objective on shares of Hanesbrands from $21.00 to $19.00 and set a neutral rating for the company in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Hanesbrands from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Tuesday, July 24th. Finally, Buckingham Research decreased their price objective on shares of Hanesbrands from $28.00 to $26.00 and set a buy rating for the company in a report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $21.67.
NYSE:HBI traded up $0.41 during midday trading on Friday, reaching $16.37. 155,048 shares of the stock traded hands, compared to its average volume of 6,388,085. Hanesbrands has a 12 month low of $15.55 and a 12 month high of $23.33. The company has a quick ratio of 0.79, a current ratio of 1.84 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $5.75 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.93 and a beta of 0.39.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Hanesbrands will post 1.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.67%. Hanesbrands’s payout ratio is 31.09%.
Several institutional investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. grew its position in Hanesbrands by 12.6% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 22,275 shares of the textile maker’s stock valued at $490,000 after purchasing an additional 2,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Hanesbrands by 22.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,846 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 2,725 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its position in Hanesbrands by 0.4% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 701,437 shares of the textile maker’s stock valued at $15,446,000 after purchasing an additional 2,887 shares during the last quarter. Isthmus Partners LLC grew its position in Hanesbrands by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 274,533 shares of the textile maker’s stock valued at $6,045,000 after purchasing an additional 2,894 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its position in Hanesbrands by 40.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 10,427 shares of the textile maker’s stock valued at $192,000 after purchasing an additional 2,977 shares during the last quarter. Institutional investors own 99.58% 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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