Hanesbrands (NYSE:HBI) Director David V. Singer bought 31,230 shares of Hanesbrands stock in a transaction on Thursday, May 17th. The stock was acquired at an average price of $17.72 per share, for a total transaction of $553,395.60. Following the purchase, the director now owns 26,880 shares of the company’s stock, valued at $476,313.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Hanesbrands stock opened at $18.14 on Friday. The firm has a market cap of $6.38 billion, a PE ratio of 9.40, a PEG ratio of 1.34 and a beta of 0.72. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.81 and a current ratio of 2.03. Hanesbrands has a 12 month low of $17.32 and a 12 month high of $17.79.
Hanesbrands (NYSE:HBI) last issued its quarterly earnings data on Tuesday, May 1st. The textile maker reported $0.26 earnings per share 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts predict that Hanesbrands will post 1.76 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Lapides Asset Management LLC boosted its position in Hanesbrands by 19.5% during the fourth quarter. Lapides Asset Management LLC now owns 188,900 shares of the textile maker’s stock valued at $3,950,000 after purchasing an additional 30,800 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Hanesbrands by 30.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,075,204 shares of the textile maker’s stock valued at $43,392,000 after purchasing an additional 480,357 shares in the last quarter. BancorpSouth Bank bought a new stake in Hanesbrands during the fourth quarter valued at about $1,995,000. Sasco Capital Inc. CT boosted its position in Hanesbrands by 74.8% during the fourth quarter. Sasco Capital Inc. CT now owns 4,290,375 shares of the textile maker’s stock valued at $89,712,000 after purchasing an additional 1,836,520 shares in the last quarter. Finally, Willingdon Wealth Management bought a new stake in Hanesbrands during the fourth quarter valued at about $1,120,000. 98.80% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on HBI shares. Zacks Investment Research upgraded Hanesbrands from a “strong sell” rating to a “hold” rating and set a $20.00 target price on the stock in a research note on Wednesday, April 11th. B. Riley set a $30.00 target price on Hanesbrands and gave the stock a “buy” rating in a research note on Monday. Bank of America started coverage on Hanesbrands in a research note on Friday, April 6th. They issued a “neutral” rating and a $21.00 target price on the stock. DA Davidson reiterated a “buy” rating and issued a $29.00 target price on shares of Hanesbrands in a research note on Monday, May 7th. Finally, Credit Suisse Group started coverage on Hanesbrands in a research note on Monday, March 12th. They issued a “neutral” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Hanesbrands has a consensus rating of “Hold” and an average target price of $24.22.
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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