HanesBrands Inc. (HBI) Given a $35.00 Price Target by Oppenheimer Holdings Inc. Analysts
HanesBrands Inc. (NYSE:HBI) received a $35.00 target price from analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings Inc.’s price objective suggests a potential upside of 49.13% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut HanesBrands from a “hold” rating to a “sell” rating in a research report on Monday. Credit Suisse Group AG reissued a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a research report on Wednesday, September 14th. Citigroup Inc. cut 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. Cowen and Company cut HanesBrands from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $33.00 to $27.00 in a research report on Wednesday, October 12th. Finally, FBR & Co set a $39.00 price objective on HanesBrands and gave the stock a “buy” rating in a research report on Sunday, October 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.69.
HanesBrands (NYSE:HBI) opened at 23.47 on Monday. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 18.15 and a beta of 1.05. The stock has a 50 day moving average price of $24.65 and a 200 day moving average price of $25.97. HanesBrands has a 12 month low of $23.25 and a 12 month high of $31.59.
HanesBrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. HanesBrands had a return on equity of 61.39% and a net margin of 8.55%. The company earned $1.76 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts expect that HanesBrands will post $1.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 15th will be paid a $0.11 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.44 annualized dividend and a dividend yield of 1.87%. HanesBrands’s dividend payout ratio is currently 33.85%.
In related news, Director Jessica Tuchman Mathews sold 5,433 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $24.52, for a total transaction of $133,217.16. Following the sale, the director now directly owns 127,839 shares in the company, valued at approximately $3,134,612.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in 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 stake 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 period. Conning Inc. raised its stake 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 period. LS Investment Advisors LLC raised its stake 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 period. Finally, Albion Financial Group UT raised its stake 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 period. Institutional investors and hedge funds own 94.28% of the company’s stock.
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.
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