Several analysts have recently updated their ratings and price targets for Hanesbrands (NYSE: HBI):

  • 9/26/2017 – Hanesbrands had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $23.00 price target on the stock.
  • 9/21/2017 – Hanesbrands was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating. They now have a $26.00 price target on the stock.
  • 9/21/2017 – Hanesbrands was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating. They now have a $26.00 price target on the stock.
  • 9/21/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $33.00 price target on the stock.
  • 9/19/2017 – Hanesbrands is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $31.00 price target on the stock.
  • 9/1/2017 – Hanesbrands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/29/2017 – Hanesbrands was given a new $32.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 8/28/2017 – Hanesbrands was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $26.36 price target on the stock.
  • 8/24/2017 – Hanesbrands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/24/2017 – Hanesbrands was given a new $22.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 8/21/2017 – Hanesbrands was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.36 price target on the stock.
  • 8/9/2017 – Hanesbrands was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/9/2017 – Hanesbrands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hanesbrands’ second-quarter 2017 sales and earnings came in line with the Zacks Consensus Estimate and increased year-over-year, driven by acquisitions and sales from online channel. Though organic sales declined in the quarter, it improved sequentially. In fact, the company expects organic sales to turn positive and contribute to growth in the second half. The company’s Project Booster program is also expected to minimize costs and increase cash flow, thus driving growth. Such factors have aided Hanesbrands’ shares to outperform the industry over the past six months. However, the company’s sales have lagged the Zacks Consensus Estimate in six of the past seven quarters, probably due to soft sales at its brick-and-mortar stores. The company also expects back-to-school shipments to fall in the third quarter. Further Hanesbrands’ performance is challenged by currency fluctuations and low international penetration.”
  • 8/8/2017 – Hanesbrands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Hanesbrands’ second-quarter 2017 sales and earnings came in line with the Zacks Consensus Estimate and increased year-over-year, driven by acquisitions and sales from online channel. The benefits from acquisitions were mainly related to Champion Europe and Hanes Australasia. Though organic sales declined in the quarter, it improved sequentially. In fact, the company expects organic sales to turn positive and contribute to growth in the second half. The company’s Project Booster program is also expected to minimize costs and increase cash flow, thus driving growth. Such factors have aided Hanesbrands’ shares to outperform the industry over the past six months. Nevertheless, the company’s performance is exposed to certain headwinds such as over reliance on premium brands, soft sales in the brick-and-mortar stores as well as unfavorable foreign currency translations.”
  • 8/8/2017 – Hanesbrands had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $27.00 price target on the stock, up previously from $25.00.
  • 8/7/2017 – Hanesbrands was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $26.36 price target on the stock.
  • 8/7/2017 – Hanesbrands had its price target raised by analysts at Morgan Stanley from $22.00 to $24.00. They now have an “equal weight” rating on the stock.

Hanesbrands Inc. (HBI) opened at 23.86 on Wednesday. The stock’s 50 day moving average is $24.53 and its 200 day moving average is $22.64. Hanesbrands Inc. has a 52 week low of $18.91 and a 52 week high of $27.07. The company has a market capitalization of $8.70 billion, a P/E ratio of 15.64 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Hanesbrands Inc. will post $1.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, August 11th. Hanesbrands’s dividend payout ratio (DPR) is currently 39.47%.

In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the completion of the transaction, the insider now owns 99,997 shares in the company, valued at $2,426,927.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard D. Moss sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $481,600.00. Following the transaction, the chief financial officer now owns 254,487 shares of the company’s stock, valued at approximately $6,128,046.96. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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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