Hanesbrands Inc. (NYSE:HBI) insider Joia M. Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $16.52, for a total transaction of $330,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE HBI traded down $0.03 during midday trading on Tuesday, reaching $16.51. The company had a trading volume of 7,584,066 shares, compared to its average volume of 6,398,916. The stock has a market cap of $5.75 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.93 and a beta of 0.39. Hanesbrands Inc. has a 1 year low of $15.55 and a 1 year high of $23.33. The company has a current ratio of 1.84, a quick ratio of 0.79 and a debt-to-equity ratio of 4.44.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, November 1st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Hanesbrands had a net margin of 0.10% and a return on equity of 85.49%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Hanesbrands Inc. will post 1.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.63%. Hanesbrands’s dividend payout ratio (DPR) is presently 31.09%.
Several institutional investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. raised its holdings in shares of Hanesbrands by 12.6% during the second quarter. Duncker Streett & Co. Inc. now owns 22,275 shares of the textile maker’s stock worth $490,000 after purchasing an additional 2,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Hanesbrands by 22.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,846 shares of the textile maker’s stock worth $327,000 after purchasing an additional 2,725 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Hanesbrands by 0.4% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 701,437 shares of the textile maker’s stock worth $15,446,000 after purchasing an additional 2,887 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Hanesbrands by 1.1% during the second quarter. Isthmus Partners LLC now owns 274,533 shares of the textile maker’s stock worth $6,045,000 after purchasing an additional 2,894 shares during the last quarter. Finally, Global Trust Asset Management LLC raised its holdings in shares of Hanesbrands by 40.0% during the third quarter. Global Trust Asset Management LLC now owns 10,427 shares of the textile maker’s stock worth $192,000 after purchasing an additional 2,977 shares during the last quarter. 99.58% of the stock is owned by hedge funds and other institutional investors.
HBI has been the subject of several recent analyst reports. Macquarie lowered their target price on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, July 24th. Standpoint Research initiated coverage on shares of Hanesbrands in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $20.00 target price for the company. Buckingham Research lowered their target price on shares of Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Finally, Bank of America lowered their target price on shares of Hanesbrands from $24.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Hanesbrands presently has an average rating of “Hold” and an average target price of $21.67.
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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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