Hanesbrands (HBI) Lifted to Sell at ValuEngine

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ValuEngine upgraded shares of Hanesbrands (NYSE:HBI) from a strong sell rating to a sell rating in a research note released on Friday morning.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Hanesbrands from a sell rating to a hold rating in a research report on Monday, February 4th. Barclays set a $16.00 price target on shares of Hanesbrands and gave the stock a hold rating in a research report on Friday, January 11th. Deutsche Bank lowered shares of Hanesbrands from a buy rating to a hold rating and decreased their price target for the stock from $24.00 to $16.00 in a research report on Friday, January 11th. Wells Fargo & Co decreased their price target on shares of Hanesbrands from $18.00 to $14.00 and set a market perform rating on the stock in a research report on Wednesday, January 2nd. Finally, Citigroup raised their price target on shares of Hanesbrands from $17.00 to $18.00 and gave the stock a neutral rating in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Hanesbrands currently has an average rating of Hold and an average price target of $20.53.

NYSE HBI opened at $18.39 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.01 and a beta of 0.86. Hanesbrands has a 52-week low of $11.57 and a 52-week high of $22.57.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 7th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Hanesbrands had a net margin of 8.13% and a return on equity of 76.43%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Research analysts forecast that Hanesbrands will post 1.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, February 15th. Hanesbrands’s payout ratio is 35.09%.

In related news, insider W Howard Upchurch, Jr. sold 40,688 shares of Hanesbrands stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $14.81, for a total transaction of $602,589.28. Following the completion of the transaction, the insider now directly owns 453,282 shares of the company’s stock, valued at approximately $6,713,106.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jessica Tuchman Mathews sold 15,000 shares of Hanesbrands stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $13.57, for a total transaction of $203,550.00. Following the transaction, the director now directly owns 139,693 shares of the company’s stock, valued at $1,895,634.01. The disclosure for this sale can be found here. Insiders have bought a total of 36,600 shares of company stock valued at $541,329 over the last ninety days. 1.06% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC bought a new position in Hanesbrands during the 4th quarter valued at about $36,000. Atlas Capital Advisors LLC bought a new position in Hanesbrands during the 4th quarter valued at about $39,000. Clean Yield Group bought a new position in Hanesbrands during the 4th quarter valued at about $55,000. Truehand Inc bought a new position in Hanesbrands during the 4th quarter valued at about $63,000. Finally, Private Capital Group LLC lifted its holdings in Hanesbrands by 33.9% during the 4th quarter. Private Capital Group LLC now owns 5,120 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 1,296 shares during the last quarter.

About Hanesbrands

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.

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Analyst Recommendations for Hanesbrands (NYSE:HBI)

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