Hanesbrands Inc. (HBI) Receives Consensus Rating of “Hold” from Analysts

Shares of Hanesbrands Inc. (NYSE:HBI) have earned an average rating of “Hold” from the twenty-two brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.96.

Several equities analysts have 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 note on Friday. Citigroup dropped their price target on shares of Hanesbrands from $23.00 to $22.00 and set a “neutral” rating for the company in a research note 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 note on Friday. DA Davidson set a $27.00 price target on shares of Hanesbrands and gave the stock a “buy” rating in a research note on Friday. Finally, B. Riley dropped their price target on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 8th.

Hedge funds have recently modified their holdings of the stock. Engine Capital Management LLC acquired a new position in shares of Hanesbrands during the third quarter worth $106,000. QS Investors LLC lifted its position in Hanesbrands by 2.8% in the second 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. Tiedemann Wealth Management LLC lifted its position in Hanesbrands by 12.4% in the third quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,787 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in Hanesbrands in the fourth quarter valued at $134,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Hanesbrands in the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Hanesbrands (NYSE:HBI) traded up $0.10 during trading hours on Tuesday, hitting $19.79. 4,206,331 shares of the company’s stock traded hands, compared to its average volume of 7,656,884. The firm has a market capitalization of $6,938.28, a P/E ratio of 131.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The company has a current ratio of 1.90, a quick ratio of 0.85 and a debt-to-equity ratio of 5.40. Hanesbrands has a fifty-two week low of $18.57 and a fifty-two week high of $25.73.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $0.52 EPS for the quarter, hitting 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 company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. research analysts expect that Hanesbrands will post 1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. Hanesbrands’s payout ratio is currently 400.00%.

WARNING: “Hanesbrands Inc. (HBI) Receives Consensus Rating of “Hold” from Analysts” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/13/hanesbrands-inc-hbi-receives-consensus-rating-of-hold-from-analysts.html.

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.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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.

Leave a Reply