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

Hanesbrands Inc. (NYSE:HBI) – Equities research analysts at Oppenheimer reduced their Q1 2018 earnings estimates for Hanesbrands in a research note issued to investors on Thursday. Oppenheimer analyst A. Andreeva now expects that the textile maker will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.30. Oppenheimer currently has a “Market Perform” rating and a $26.00 target price on the stock. Oppenheimer also issued estimates for Hanesbrands’ Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.72 EPS.

Hanesbrands (NYSE:HBI) last issued its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hanesbrands had a net margin of 0.96% and a return on equity of 72.30%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS.

Several other equities research analysts also recently commented on HBI. B. Riley reduced 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. Citigroup reduced 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 company a “hold” rating in a research report on Friday. DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research report on Friday. Finally, Deutsche Bank set a $27.00 price target on shares of Hanesbrands and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.60.

Shares of Hanesbrands (HBI) opened at $19.26 on Monday. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.90 and a quick ratio of 0.85. The company has a market cap of $7,021.89, a P/E ratio of 128.40, a P/E/G ratio of 1.22 and a beta of 0.68. Hanesbrands has a 12-month low of $18.57 and a 12-month high of $25.73.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 3.12%. Hanesbrands’s dividend payout ratio is presently 400.00%.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Hanesbrands by 0.5% in the 4th quarter. BlackRock Inc. now owns 23,045,215 shares of the textile maker’s stock valued at $481,874,000 after buying an additional 114,629 shares during the period. Bank of New York Mellon Corp increased its stake in Hanesbrands by 69.1% in the 4th quarter. Bank of New York Mellon Corp now owns 7,843,724 shares of the textile maker’s stock valued at $164,012,000 after buying an additional 3,205,719 shares during the period. Bessemer Group Inc. increased its stake in Hanesbrands by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 5,977,411 shares of the textile maker’s stock valued at $147,284,000 after buying an additional 169,250 shares during the period. Cooke & Bieler LP increased its stake in shares of Hanesbrands by 13.8% during the 4th quarter. Cooke & Bieler LP now owns 5,244,155 shares of the textile maker’s stock worth $109,656,000 after purchasing an additional 637,507 shares during the last quarter. Finally, Check Capital Management Inc. CA increased its stake in shares of Hanesbrands by 100.0% during the 3rd quarter. Check Capital Management Inc. CA now owns 4,413,635 shares of the textile maker’s stock worth $108,752,000 after purchasing an additional 2,207,066 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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About Hanesbrands

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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