Hanesbrands PT Raised to $90.00 at Janney Montgomery Scott (HBI)
Janney Montgomery Scott raised their target price on shares of Hanesbrands (NYSE:HBI) from $88.00 to $90.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s target price suggests a potential upside of 9.45% from the company’s current price.
A number of other firms have also recently commented on HBI. Analysts at DA Davidson raised their price target on shares of Hanesbrands from $79.00 to $83.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Hanesbrands from $80.00 to $85.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Hanesbrands from $84.00 to $88.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $82.00.
Shares of Hanesbrands (NYSE:HBI) traded down 0.28% on Monday, hitting $82.00. The stock had a trading volume of 129,251 shares. Hanesbrands has a 52-week low of $48.35 and a 52-week high of $83.58. The stock has a 50-day moving average of $78.31 and a 200-day moving average of $72.35. The company has a market cap of $8.165 billion and a P/E ratio of 26.12.
Hanesbrands (NYSE:HBI) last announced its earnings results on Thursday, April 24th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.18. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that Hanesbrands will post $4.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, May 9th.
In other Hanesbrands news, CEO Richard Noll sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $82.95, for a total value of $2,488,500.00. Following the sale, the chief executive officer now directly owns 527,484 shares of the company’s stock, valued at approximately $43,754,798. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hanesbrands Inc is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Stedman, Zorba, Rinbros, Sol y Oro, Outer Banks and Duofold.
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