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.
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%.
ILLEGAL ACTIVITY NOTICE: “Brokers Issue Forecasts for Hanesbrands Inc.’s Q1 2018 Earnings (HBI)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/12/brokers-issue-forecasts-for-hanesbrands-inc-s-q1-2018-earnings-hbi.html.
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.
Receive News & Ratings for Hanesbrands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanesbrands and related companies with MarketBeat.com's FREE daily email newsletter.