Oppenheimer Holdings Comments on Hanesbrands Inc.’s FY2017 Earnings (HBI)
Hanesbrands Inc. (NYSE:HBI) – Stock analysts at Oppenheimer Holdings issued their FY2017 earnings per share estimates for Hanesbrands in a research note issued to investors on Monday. Oppenheimer Holdings analyst A. Andreeva expects that the textile maker will post earnings per share of $2.05 for the year. Oppenheimer Holdings currently has a “Market Perform” rating and a $26.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. UBS Group AG cut shares of Hanesbrands from an “outperform” rating to a “market perform” rating in a report on Tuesday. Wells Fargo & Company lowered shares of Hanesbrands from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Wednesday. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Cowen and Company set a $22.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. Hanesbrands has a consensus rating of “Hold” and an average price target of $26.80.
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Hanesbrands (HBI) opened at 22.78 on Thursday. Hanesbrands has a 52-week low of $18.91 and a 52-week high of $27.07. The stock has a market cap of $8.30 billion, a P/E ratio of 14.93 and a beta of 0.72. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $22.96.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Hanesbrands had a return on equity of 64.80% and a net margin of 9.02%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.51 EPS. Hanesbrands’s quarterly revenue was up 11.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of HBI. Lazard Asset Management LLC boosted its holdings in Hanesbrands by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 5,000 shares of the textile maker’s stock valued at $103,000 after purchasing an additional 1,000 shares during the period. QS Investors LLC boosted its holdings in Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 140 shares during the period. Washington Trust Bank boosted its holdings in Hanesbrands by 50.0% in the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock valued at $139,000 after purchasing an additional 2,000 shares during the period. Archford Capital Strategies LLC boosted its holdings in Hanesbrands by 283.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock valued at $141,000 after purchasing an additional 1,247 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in Hanesbrands by 19.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 1,062 shares during the period. 95.05% of the stock is owned by hedge funds and other institutional investors.
In other Hanesbrands news, insider John T. Marsh sold 10,325 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $24.27, for a total value of $250,587.75. Following the completion of the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard D. Moss sold 20,000 shares of the business’s 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 completion of the sale, the chief financial officer now directly 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. Insiders own 1.10% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Monday, November 13th. Hanesbrands’s dividend payout ratio is currently 39.47%.
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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