Brokers Issue Forecasts for Hanesbrands Inc.’s Q1 2018 Earnings (HBI)

Hanesbrands Inc. (NYSE:HBI) – Stock analysts at DA Davidson reduced their Q1 2018 EPS estimates for Hanesbrands in a research report issued on Friday. DA Davidson analyst A. Burns now forecasts that the textile maker will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.32. DA Davidson currently has a “Buy” rating and a $27.00 target price on the stock. DA Davidson also issued estimates for Hanesbrands’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.47 EPS.

Hanesbrands (NYSE:HBI) last issued 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. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company earned $0.53 EPS. Hanesbrands’s revenue was up 4.4% on a year-over-year basis.

Several other equities research analysts have also recently commented on the stock. Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research report on Friday. Citigroup lowered their price target on shares of Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Co set a $20.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research report on Friday. B. Riley lowered their price target on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Finally, ValuEngine cut shares of Hanesbrands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.60.

Shares of Hanesbrands (NYSE:HBI) opened at $19.26 on Monday. Hanesbrands has a 1 year low of $18.57 and a 1 year high of $25.73. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.85 and a current ratio of 1.90. The company has a market cap of $7,021.89, a P/E ratio of 128.40, a PEG ratio of 1.22 and a beta of 0.68.

A number of hedge funds and other institutional investors have recently modified their holdings of HBI. Dimensional Fund Advisors LP grew its holdings in Hanesbrands by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,377,427 shares of the textile maker’s stock valued at $31,900,000 after purchasing an additional 229,479 shares during the period. QS Investors LLC grew its holdings in Hanesbrands by 2.8% during the second 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. Janus Henderson Group PLC grew its holdings in Hanesbrands by 46.3% during the second quarter. Janus Henderson Group PLC now owns 652,978 shares of the textile maker’s stock valued at $15,126,000 after purchasing an additional 206,601 shares during the period. Bank of Nova Scotia lifted its stake in Hanesbrands by 288.4% in the second quarter. Bank of Nova Scotia now owns 302,807 shares of the textile maker’s stock valued at $7,014,000 after buying an additional 224,838 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its stake in Hanesbrands by 157.3% in the second quarter. Nomura Holdings Inc. now owns 34,354 shares of the textile maker’s stock valued at $796,000 after buying an additional 21,003 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 400.00%.

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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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