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.
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.
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.
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.