Hanesbrands Inc. (HBI) Rating Reiterated by Stifel Nicolaus
Hanesbrands Inc. (NYSE:HBI)‘s stock had its “hold” rating restated by Stifel Nicolaus in a note issued to investors on Tuesday. They currently have a $23.00 target price on the textile maker’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 5.00% from the company’s previous close.
HBI has been the topic of several other reports. Buckingham Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Hanesbrands in a report on Monday, July 17th. BidaskClub downgraded shares of Hanesbrands from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Hanesbrands from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 price objective on the stock. in a report on Monday, August 7th. Finally, Instinet downgraded shares of Hanesbrands from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Hanesbrands currently has an average rating of “Hold” and an average target price of $27.27.
Shares of Hanesbrands (NYSE:HBI) opened at 24.21 on Tuesday. The firm has a 50-day moving average of $24.37 and a 200 day moving average of $22.33. Hanesbrands has a 52 week low of $18.91 and a 52 week high of $27.07. The stock has a market cap of $8.82 billion, a PE ratio of 15.87 and a beta of 0.71.
Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Hanesbrands will post $1.99 EPS for the current fiscal year.
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In other Hanesbrands news, CFO Richard D. Moss sold 20,000 shares of Hanesbrands stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total transaction of $481,600.00. Following the transaction, the chief financial officer now directly owns 254,487 shares of the company’s stock, valued at $6,128,046.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John T. Marsh sold 10,325 shares of Hanesbrands stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the transaction, the insider now directly owns 99,997 shares in the company, valued at $2,426,927.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,704 shares of company stock worth $1,737,713. Insiders own 1.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC raised its stake in Hanesbrands by 25.0% during the first quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock worth $103,000 after purchasing an additional 1,000 shares during the period. QS Investors LLC raised its stake in Hanesbrands by 2.8% during the second quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after purchasing an additional 140 shares during the period. Van ECK Associates Corp raised its stake in Hanesbrands by 7.4% during the first quarter. Van ECK Associates Corp now owns 5,995 shares of the textile maker’s stock worth $124,000 after purchasing an additional 415 shares during the period. Washington Trust Bank raised its stake in Hanesbrands by 50.0% during the second quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after purchasing an additional 2,000 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Hanesbrands by 11.6% during the first quarter. SRS Capital Advisors Inc. now owns 6,812 shares of the textile maker’s stock worth $141,000 after purchasing an additional 708 shares during the period. 94.28% of the stock is currently owned by institutional investors.
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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