Richard D. Moss Sells 20,000 Shares of Hanesbrands Inc. (NYSE:HBI) Stock
Hanesbrands Inc. (NYSE:HBI) CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the transaction, the chief financial officer now owns 254,487 shares in the company, valued at $6,128,046.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Hanesbrands Inc. (HBI) traded up 1.36% during mid-day trading on Tuesday, reaching $24.62. 7,161,097 shares of the company’s stock traded hands. The firm has a market cap of $9.01 billion, a PE ratio of 16.13 and a beta of 0.73. Hanesbrands Inc. has a 1-year low of $18.91 and a 1-year high of $28.24. The firm has a 50 day moving average of $22.99 and a 200 day moving average of $21.64.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts forecast that Hanesbrands Inc. will post $1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, August 11th. Hanesbrands’s payout ratio is presently 39.47%.
HBI has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. set a $32.00 target price on shares of Hanesbrands and gave the company a “buy” rating in a research note on Wednesday, April 12th. Zacks Investment Research upgraded shares of Hanesbrands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Vetr lowered shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $23.91 target price on the stock. in a research note on Wednesday, April 19th. BidaskClub lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Hanesbrands from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Hanesbrands currently has an average rating of “Buy” and an average target price of $27.57.
Several institutional investors have recently modified their holdings of HBI. Thrivent Financial for Lutherans raised its position in shares of Hanesbrands by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,090 shares of the textile maker’s stock valued at $282,000 after buying an additional 690 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Hanesbrands by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 889,181 shares of the textile maker’s stock valued at $19,180,000 after buying an additional 28,296 shares during the last quarter. Kentucky Retirement Systems bought a new position in shares of Hanesbrands during the fourth quarter valued at $592,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Hanesbrands during the fourth quarter valued at $264,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Hanesbrands by 3.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 333,616 shares of the textile maker’s stock valued at $6,926,000 after buying an additional 12,610 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.
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.
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.