HanesBrands Inc. (NYSE:HBI) – Equities researchers at DA Davidson decreased their FY2016 EPS estimates for shares of HanesBrands in a research report issued to clients and investors on Wednesday. DA Davidson analyst A. Burns now anticipates that the firm will earn $1.90 per share for the year, down from their prior estimate of $1.91. DA Davidson also issued estimates for HanesBrands’ FY2017 earnings at $2.21 EPS.
HanesBrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.53 billion. HanesBrands had a return on equity of 59.48% and a net margin of 8.60%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS.
A number of other equities analysts have also recently commented on HBI. Nomura reissued a “sell” rating and set a $31.00 price target on shares of HanesBrands in a report on Wednesday, July 6th. FBR & Co restated an “outperform” rating and set a $39.00 price objective on shares of HanesBrands in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. restated 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 restated a “buy” rating and set a $37.00 price objective on shares of HanesBrands in a research report on Wednesday, August 3rd. Finally, 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 report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.79.
HanesBrands (NYSE:HBI) traded down 0.53% during midday trading on Friday, hitting $24.57. The stock had a trading volume of 1,706,413 shares. HanesBrands has a 52 week low of $23.25 and a 52 week high of $33.24. The company’s 50 day moving average price is $25.96 and its 200-day moving average price is $26.76. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.72 and a beta of 0.94.
A number of hedge funds and other institutional investors have recently bought and sold shares of HBI. Washington Trust Bank increased 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 period. First Personal Financial Services purchased a new position in HanesBrands during the second quarter worth $104,000. Mizuho Asset Management Co. Ltd. increased 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 period. Feltz Wealth PLAN Inc. purchased a new position in HanesBrands during the second quarter worth $132,000. Finally, MSI Financial Services Inc increased its position in HanesBrands by 19.0% in the third quarter. MSI Financial Services Inc now owns 5,235 shares of the company’s stock worth $132,000 after buying an additional 836 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Richard A. Noll purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $25.74 per share, with a total value of $514,800.00. Following the purchase, the chief executive officer now 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 hyperlink. Corporate insiders own 1.00% 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.