Analysts Set HanesBrands Inc. (HBI) Price Target at $34.10
Shares of HanesBrands Inc. (NYSE:HBI) have been given a consensus recommendation of “Buy” by the fourteen ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.10.
Several brokerages recently commented on HBI. FBR & Co set a $39.00 price objective on HanesBrands and gave the stock a “buy” rating in a research note on Sunday, October 30th. Oppenheimer Holdings Inc. set a $35.00 price objective on HanesBrands and gave the stock a “buy” rating in a research note on Thursday, October 27th. Cowen and Company downgraded HanesBrands from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $33.00 to $27.00 in a research note on Wednesday, October 12th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a research note on Wednesday, September 14th. Finally, Zacks Investment Research raised HanesBrands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd.
A number of institutional investors have recently bought and sold shares of HBI. Global X Management Co. LLC boosted its position in HanesBrands by 98.3% in the third quarter. Global X Management Co. LLC now owns 4,030 shares of the company’s stock worth $102,000 after buying an additional 1,998 shares during the last quarter. Washington Trust Bank boosted its position in HanesBrands by 0.8% in the third quarter. Washington Trust Bank now owns 4,033 shares of the company’s stock worth $102,000 after buying an additional 33 shares during the last quarter. First Personal Financial Services acquired a new position in HanesBrands during the second quarter worth approximately $104,000. Kernodle & Katon Asset Management Group LLC acquired a new position in HanesBrands during the third quarter worth approximately $114,000. Finally, Mizuho Asset Management Co. Ltd. boosted its position in HanesBrands by 102.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,937 shares of the company’s stock worth $124,000 after buying an additional 2,493 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.
Shares of HanesBrands (NYSE:HBI) opened at 25.49 on Monday. The stock’s 50 day moving average price is $24.86 and its 200 day moving average price is $26.17. The company has a market cap of $9.63 billion, a P/E ratio of 19.71 and a beta of 1.05. HanesBrands has a 1-year low of $23.25 and a 1-year high of $32.10.
HanesBrands (NYSE:HBI) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.77 billion. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Equities research analysts forecast that HanesBrands will post $1.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 10th. HanesBrands’s payout ratio is currently 33.85%.
HanesBrands Company Profile
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
Receive News & Stock Ratings for HanesBrands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HanesBrands Inc. and related stocks with our FREE daily email newsletter.