HanesBrands Inc. (NYSE:HBI) has been assigned an average recommendation of “Buy” from the fifteen analysts that are covering the company. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.64.
A number of research analysts have recently issued reports on the company. Citigroup Inc. reduced their price objective on HanesBrands from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Brean Capital reissued a “buy” rating and issued a $37.00 target price on shares of HanesBrands in a research note on Tuesday, June 14th. FBR & Co reissued an “outperform” rating and issued a $39.00 target price on shares of HanesBrands in a research note on Thursday, July 7th. Credit Suisse Group AG reissued a “buy” rating and issued a $37.00 target price 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.
In other news, CEO Richard A. Noll acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average cost of $25.74 per share, for a total transaction of $514,800.00. Following the acquisition, the chief executive officer now directly owns 870,077 shares in the company, valued at $22,395,781.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in HBI. Washington Trust Bank raised its position in shares of 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 purchased a new position in shares of HanesBrands during the second quarter worth $104,000. Mizuho Asset Management Co. Ltd. raised its position in shares of 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. Feltz Wealth PLAN Inc. purchased a new position in shares of HanesBrands during the second quarter worth $132,000. Finally, Pinkerton Retirement Specialists LLC purchased a new position in shares of HanesBrands during the second quarter worth $135,000. Institutional investors own 91.31% of the company’s stock.
Shares of HanesBrands (NYSE:HBI) opened at 25.30 on Friday. The stock has a market capitalization of $9.56 billion, a P/E ratio of 20.30 and a beta of 0.94. The stock has a 50 day moving average price of $26.24 and a 200 day moving average price of $26.83. HanesBrands has a 52 week low of $23.25 and a 52 week high of $33.24.
HanesBrands (NYSE:HBI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that HanesBrands will post $1.92 EPS for the current year.
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.
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