B. Riley Weighs in on Hanesbrands Inc.’s Q1 2018 Earnings (HBI)

Hanesbrands Inc. (NYSE:HBI) – Research analysts at B. Riley issued their Q1 2018 EPS estimates for Hanesbrands in a report released on Thursday. B. Riley analyst S. Anderson expects that the textile maker will post earnings per share of $0.24 for the quarter. B. Riley has a “Buy” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Hanesbrands’ Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.51 EPS and FY2019 earnings at $2.05 EPS.

A number of other equities analysts have also issued reports on the company. Deutsche Bank initiated coverage on Hanesbrands in a research report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Friday, November 3rd. Buckingham Research cut their target price on Hanesbrands from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, ValuEngine lowered Hanesbrands from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Hanesbrands has an average rating of “Hold” and a consensus price target of $25.91.

Hanesbrands (NYSE:HBI) opened at $19.57 on Friday. The company has a market capitalization of $8,006.27, a P/E ratio of 12.08, a P/E/G ratio of 1.21 and a beta of 0.68. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. Hanesbrands has a 52-week low of $18.90 and a 52-week high of $25.73.

Hanesbrands (NYSE:HBI) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Hanesbrands had a return on equity of 64.73% and a net margin of 9.43%. Hanesbrands’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.07%. Hanesbrands’s dividend payout ratio (DPR) is 37.04%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC increased its holdings in shares of Hanesbrands by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 24,878 shares of the textile maker’s stock valued at $576,000 after acquiring an additional 109 shares during the last quarter. QS Investors LLC increased its holdings in shares of 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 acquiring an additional 140 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of 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 acquiring an additional 1,247 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Hanesbrands by 101.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock valued at $159,000 after acquiring an additional 1,333 shares during the last quarter. Finally, OLD Second National Bank of Aurora increased its holdings in shares of Hanesbrands by 3.3% in the 3rd quarter. OLD Second National Bank of Aurora now owns 73,167 shares of the textile maker’s stock valued at $1,803,000 after acquiring an additional 2,337 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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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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