Hanesbrands (HBI) CEO Buys $309,050.00 in Stock

Hanesbrands (NYSE:HBI) CEO Gerald Evans bought 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were bought at an average cost of $17.66 per share, for a total transaction of $309,050.00. Following the completion of the purchase, the chief executive officer now owns 1,198,206 shares of the company’s stock, valued at $21,160,317.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hanesbrands opened at $18.14 on Friday, according to Marketbeat Ratings. Hanesbrands has a 52-week low of $17.32 and a 52-week high of $17.79. The company has a debt-to-equity ratio of 5.93, a current ratio of 2.03 and a quick ratio of 0.81. The stock has a market cap of $6.38 billion, a P/E ratio of 9.40, a P/E/G ratio of 1.34 and a beta of 0.72.

Hanesbrands (NYSE:HBI) last posted its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Hanesbrands had a net margin of 1.08% and a return on equity of 75.80%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Hanesbrands will post 1.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 3.31%. Hanesbrands’s dividend payout ratio is presently 31.09%.

Several brokerages recently issued reports on HBI. Barclays increased their target price on shares of Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. ValuEngine lowered shares of Hanesbrands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Credit Suisse Group assumed coverage on shares of Hanesbrands in a report on Monday, March 12th. They set a “neutral” rating and a $21.00 price objective on the stock. Deutsche Bank set a $27.00 price objective on shares of Hanesbrands and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, B. Riley lowered their price objective on shares of Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Hanesbrands presently has an average rating of “Hold” and an average price target of $24.22.

A number of large investors have recently modified their holdings of HBI. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Hanesbrands by 46.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,109,168 shares of the textile maker’s stock worth $278,311,000 after purchasing an additional 4,785,830 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Hanesbrands during the fourth quarter worth about $99,475,000. Bank of New York Mellon Corp boosted its position in 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. ArrowMark Colorado Holdings LLC bought a new position in Hanesbrands during the fourth quarter worth about $65,468,000. Finally, Russell Investments Group Ltd. boosted its position in Hanesbrands by 512.0% during the first quarter. Russell Investments Group Ltd. now owns 3,429,953 shares of the textile maker’s stock worth $63,175,000 after purchasing an additional 2,869,470 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.

About Hanesbrands

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children in the United States. The company operates through three segments: Innerwear, Activewear, and International. It sells bras, panties, men's underwear, children's underwear, activewear, socks, hosiery, intimate apparel, shapewears, and home goods; and T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.

Insider Buying and Selling by Quarter for Hanesbrands (NYSE:HBI)

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