Hanesbrands (NYSE:HBI) CFO Barry Hytinen purchased 21,890 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were bought at an average price of $17.47 per share, for a total transaction of $382,418.30. Following the acquisition, the chief financial officer now owns 93,867 shares in the company, valued at $1,639,856.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hanesbrands opened at $18.14 on Friday, according to MarketBeat Ratings. Hanesbrands has a one year low of $17.32 and a one year high of $17.79. The stock has a market capitalization of $6.38 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. The company has a current ratio of 2.03, a quick ratio of 0.81 and a debt-to-equity ratio of 5.93.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Hanesbrands had a return on equity of 75.80% and a net margin of 1.08%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts expect that Hanesbrands will post 1.76 earnings per share for the current year.
Several equities research analysts have weighed in on HBI shares. Barclays upped their price target on Hanesbrands from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. ValuEngine downgraded Hanesbrands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley cut their price target on Hanesbrands from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. DA Davidson set a $27.00 price target on Hanesbrands and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Wells Fargo set a $20.00 price target on Hanesbrands and gave the stock a “hold” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Hanesbrands currently has an average rating of “Hold” and an average price target of $24.22.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in shares of Hanesbrands in the 1st quarter valued at about $103,000. Global Trust Asset Management LLC acquired a new stake in shares of Hanesbrands in the 4th quarter valued at about $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Hanesbrands in the 4th quarter valued at about $134,000. Stratos Wealth Partners LTD. boosted its position in shares of Hanesbrands by 183.5% in the 1st quarter. Stratos Wealth Partners LTD. now owns 7,358 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 4,763 shares during the period. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Hanesbrands in the 1st quarter valued at about $140,000. Institutional investors and hedge funds 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.
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