Shares of Hanesbrands Inc. (NYSE:HBI) have received a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.40.
A number of analysts have recently weighed in on HBI shares. Deutsche Bank set a $27.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Friday, February 9th. DA Davidson set a $27.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Friday, February 9th. B. Riley reduced their target price on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. ValuEngine downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Co set a $20.00 target price on shares of Hanesbrands and gave the stock a “hold” rating in a report on Friday, February 9th.
In other Hanesbrands news, insider W Howard Upchurch, Jr. sold 51,743 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.70, for a total value of $1,071,080.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
Shares of Hanesbrands (NYSE:HBI) traded down $0.16 during midday trading on Friday, reaching $19.99. 703,589 shares of the company’s stock were exchanged, compared to its average volume of 6,901,131. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90. The company has a market cap of $7,230.00, a P/E ratio of 14.23, a P/E/G ratio of 1.26 and a beta of 0.80. Hanesbrands has a one year low of $18.57 and a one year high of $25.73.
Hanesbrands (NYSE:HBI) last announced its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. Hanesbrands’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. equities analysts anticipate that Hanesbrands will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 3.00%. Hanesbrands’s dividend payout ratio (DPR) is 42.55%.
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Hanesbrands Company Profile
Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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