Hanesbrands Inc. (NYSE:HBI) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.15 per share by the textile maker on Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, November 8th.
NYSE:HBI traded down $0.15 on Wednesday, reaching $15.77. 113,705 shares of the stock traded hands, compared to its average volume of 4,979,027. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.18 and a beta of 1.17. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 3.11. Hanesbrands has a 12 month low of $11.57 and a 12 month high of $19.38. The company’s fifty day simple moving average is $15.20 and its 200 day simple moving average is $15.87.
Hanesbrands (NYSE:HBI) last released its quarterly earnings data on Thursday, October 31st. The textile maker reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. Hanesbrands had a net margin of 8.35% and a return on equity of 57.95%. Hanesbrands’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Equities analysts anticipate that Hanesbrands will post 1.77 EPS for the current fiscal year.
In other Hanesbrands news, insider Joia M. Johnson bought 7,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $13.97 per share, for a total transaction of $99,187.00. Following the completion of the transaction, the insider now owns 115,830 shares of the company’s stock, valued at approximately $1,618,145.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider W Howard Upchurch, Jr. sold 93,261 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $16.14, for a total transaction of $1,505,232.54. Following the sale, the insider now owns 520,490 shares of the company’s stock, valued at $8,400,708.60. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.
A number of analysts have recently commented on the stock. Goldman Sachs Group set a $15.00 price target on shares of Hanesbrands and gave the stock a “hold” rating in a research note on Friday, November 1st. Bank of America reduced their price target on shares of Hanesbrands from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. UBS Group reduced their price target on shares of Hanesbrands from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. ValuEngine lowered shares of Hanesbrands from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. Finally, Citigroup reduced their price target on shares of Hanesbrands from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.
Hanesbrands, Inc is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear and International.
Read More: Preferred Stock
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.