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) 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%.
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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