Analysts expect that Hanesbrands Inc. (NYSE:HBI) will announce sales of $1.72 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Hanesbrands’ earnings, with estimates ranging from $1.71 billion to $1.73 billion. Hanesbrands reported sales of $1.65 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Hanesbrands will report full-year sales of $6.75 billion for the current fiscal year, with estimates ranging from $6.74 billion to $6.77 billion. For the next year, analysts anticipate that the firm will post sales of $6.83 billion, with estimates ranging from $6.79 billion to $6.90 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Hanesbrands.

Hanesbrands (NYSE:HBI) last posted its earnings results on Thursday, November 1st. The textile maker reported $0.55 EPS for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year.

HBI has been the subject of several analyst reports. Barclays set a $18.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a report on Thursday, November 1st. Macquarie lowered their price target on shares of Hanesbrands from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, August 23rd. Bank of America lowered their price target on shares of Hanesbrands from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Standpoint Research initiated 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. Finally, Buckingham Research lowered their price target on shares of Hanesbrands from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.67.

Hanesbrands stock traded down $0.20 during mid-day trading on Monday, hitting $15.66. 422,807 shares of the stock were exchanged, compared to its average volume of 6,353,964. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.79 and a current ratio of 1.84. Hanesbrands has a 12 month low of $15.55 and a 12 month high of $23.33. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.93 and a beta of 0.39.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 9th. This represents a $0.60 annualized dividend and a dividend yield of 3.83%. Hanesbrands’s dividend payout ratio is currently 31.09%.

In other Hanesbrands news, Director Jessica Tuchman Mathews sold 2,115 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $16.54, for a total transaction of $34,982.10. Following the completion of the sale, the director now owns 132,129 shares in the company, valued at approximately $2,185,413.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald L. Nelson purchased 25,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average price of $15.95 per share, with a total value of $398,750.00. Following the purchase, the director now directly owns 131,683 shares in the company, valued at approximately $2,100,343.85. The disclosure for this purchase can be found here. Insiders own 1.06% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in Hanesbrands during the 3rd quarter valued at $129,000. WP Advisors LLC bought a new stake in Hanesbrands during the 2nd quarter valued at $145,000. Tower Research Capital LLC TRC increased its stake in Hanesbrands by 110.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,079 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 4,239 shares in the last quarter. Amica Retiree Medical Trust increased its stake in Hanesbrands by 180.3% during the 2nd quarter. Amica Retiree Medical Trust now owns 7,296 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 4,693 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in Hanesbrands during the 3rd quarter valued at $165,000. Institutional investors and hedge funds 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.

See Also: Day Trading – Risk Worth the Reward?

Get a free copy of the Zacks research report on Hanesbrands (HBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.