Hanesbrands Inc. (NYSE:HBI) to Issue Quarterly Dividend of $0.15

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Hanesbrands Inc. (NYSE:HBI) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.15 per share by the textile maker on Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, November 8th.

Shares of HBI opened at $15.89 on Thursday. The stock has a market capitalization of $5.72 billion, a PE ratio of 9.29, a P/E/G ratio of 2.23 and a beta of 1.17. Hanesbrands has a 1 year low of $11.57 and a 1 year high of $19.38. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.72 and a current ratio of 1.73. The company’s 50-day simple moving average is $15.22 and its 200-day simple moving average is $15.86.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, October 31st. The textile maker reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Hanesbrands had a net margin of 8.35% and a return on equity of 57.95%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, sell-side analysts predict that Hanesbrands will post 1.77 earnings per share for the current year.

In other news, insider W Howard Upchurch, Jr. sold 93,261 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the transaction, the insider now directly owns 520,490 shares in the company, valued at $8,400,708.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joia M. Johnson bought 7,100 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $13.97 per share, for a total transaction of $99,187.00. Following the completion of the transaction, the insider now owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The disclosure for this purchase can be found here. Corporate insiders own 1.04% of the company’s stock.

HBI has been the topic of several research reports. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Friday, November 1st. UBS Group reduced their price target on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Citigroup reduced their price target on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Bank of America reduced their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, ValuEngine cut shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.00.

Hanesbrands Company Profile

Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.

Further Reading: Strangles

Dividend History for Hanesbrands (NYSE:HBI)

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