Brokers Issue Forecasts for Hanesbrands Inc.’s Q2 2018 Earnings (HBI)

Hanesbrands Inc. (NYSE:HBI) – Analysts at B. Riley issued their Q2 2018 earnings per share estimates for shares of Hanesbrands in a research note issued on Thursday. B. Riley analyst S. Anderson anticipates that the textile maker will earn $0.42 per share for the quarter. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Hanesbrands’ FY2018 earnings at $1.76 EPS.

Hanesbrands (NYSE:HBI) last announced its 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 period last year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Deutsche Bank initiated coverage on shares of Hanesbrands in a report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. FBR & Co reiterated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating on shares of Hanesbrands in a report on Wednesday, October 18th. Buckingham Research decreased their target price on shares of Hanesbrands from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Finally, DA Davidson set a $27.00 target price on shares of Hanesbrands and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.60.

Hanesbrands (HBI) opened at $19.26 on Monday. Hanesbrands has a fifty-two week low of $18.57 and a fifty-two week high of $25.73. The company has a market cap of $7,021.89, a PE ratio of 128.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The company has a quick ratio of 0.85, a current ratio of 1.90 and a debt-to-equity ratio of 5.40.

The business also recently declared 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 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, February 16th. Hanesbrands’s dividend payout ratio is currently 400.00%.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Hanesbrands by 0.5% during the fourth quarter. BlackRock Inc. now owns 23,045,215 shares of the textile maker’s stock worth $481,874,000 after purchasing an additional 114,629 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Hanesbrands by 69.1% during the fourth quarter. Bank of New York Mellon Corp now owns 7,843,724 shares of the textile maker’s stock worth $164,012,000 after purchasing an additional 3,205,719 shares during the period. Bessemer Group Inc. lifted its stake in Hanesbrands by 2.9% in the third quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after acquiring an additional 169,250 shares during the last quarter. Cooke & Bieler LP lifted its stake in Hanesbrands by 13.8% in the fourth quarter. Cooke & Bieler LP now owns 5,244,155 shares of the textile maker’s stock valued at $109,656,000 after acquiring an additional 637,507 shares during the last quarter. Finally, Check Capital Management Inc. CA lifted its stake in Hanesbrands by 100.0% in the third quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock valued at $108,752,000 after acquiring an additional 2,207,066 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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