HanesBrands Inc. (NYSE:HBI) Director Jessica Tuchman Mathews sold 5,433 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $24.52, for a total value of $133,217.16. Following the completion of the transaction, the director now owns 127,839 shares of the company’s stock, valued at approximately $3,134,612.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

HanesBrands Inc. (NYSE:HBI) traded up 0.54% during midday trading on Wednesday, hitting $24.36. The company had a trading volume of 1,703,615 shares. The company has a 50 day moving average price of $24.78 and a 200 day moving average price of $26.05. The firm has a market capitalization of $9.21 billion, a P/E ratio of 18.84 and a beta of 1.05. HanesBrands Inc. has a 1-year low of $23.25 and a 1-year high of $31.70.

HanesBrands (NYSE:HBI) last issued its earnings results on Thursday, October 27th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. The company earned $1.76 billion during the quarter, compared to analyst estimates of $1.77 billion. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities research analysts forecast that HanesBrands Inc. will post $1.91 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for HanesBrands (NYSE:HBI)

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.82%. HanesBrands’s dividend payout ratio (DPR) is 33.85%.

HBI has been the subject of a number of research reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of HanesBrands in a research report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a research report on Wednesday, August 3rd. Citigroup Inc. reduced their price objective on HanesBrands from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Zacks Investment Research cut HanesBrands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Finally, Cowen and Company cut HanesBrands from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $33.00 to $27.00 in a research report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.69.

Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of HanesBrands by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 11,600 shares of the company’s stock worth $292,000 after buying an additional 30 shares during the period. Washington Trust Bank raised 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. Conning Inc. raised its position in HanesBrands by 1.1% in the second quarter. Conning Inc. now owns 10,210 shares of the company’s stock worth $257,000 after buying an additional 110 shares during the last quarter. LS Investment Advisors LLC raised its position in HanesBrands by 0.8% in the second quarter. LS Investment Advisors LLC now owns 14,299 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the last quarter. Finally, Albion Financial Group UT raised its position in HanesBrands by 1.5% in the second quarter. Albion Financial Group UT now owns 10,371 shares of the company’s stock worth $261,000 after buying an additional 153 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

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About HanesBrands

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.

5 Day Chart for NYSE:HBI

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